In the second quarter of 2024, Switzerland's GDP adjusted for sporting events grew by 0.5%, following 0.3% in the previous quarter. This result was slightly above average, driven by the strong expansion of the chemical and pharmaceutical industry. Growth in the other sectors was mixed, reflecting weak domestic demand.
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Gross domestic product in the 2nd quarter of 2024
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Gross domestic product in the 2nd quarter 2024
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After a tepid first quarter, Swiss foreign trade regained momentum in the second quarter of 2024. In seasonally adjusted terms, exports jumped by 6.6% and reached a record level. Imports increased by 2.2%. The trade balance closes with a historic quarterly surplus of 12.4 billion francs.
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