Switzerland’s economy expanded strongly in the second quarter, with gross domestic product rising 1.9% compared with the previous three-month period.
The latest figures were released on Thursday by the State Secretariat for Economic Affairs.
Swiss GDP Growth Accelerates in Q2
The Swiss economy also recorded solid growth on an annual basis.
GDP increased 2.8% in the second quarter compared with the same period a year earlier. This highlights a notable improvement in Switzerland’s economic performance.
Growth Strengthens From the First Quarter
The second-quarter figures show a clear acceleration from the start of the year.
In the first quarter, Switzerland’s GDP grew 0.6% compared with the previous quarter. Meanwhile, annual economic growth stood at just 0.5%.
The latest data therefore points to much stronger momentum in the Swiss economy during the second quarter, both on a quarterly and year-over-year basis.
