The Swiss economy grew slightly faster than expected in the second quarter of 2024. Gross domestic product (GDP) increased by 0.5% on an adjusted basis between April and June 2024 compared to the previous quarter.
+Get the most important news from Switzerland in your inbox
This growth was “slightly above average”, according to initial estimates by the State Secretariat for Economic Affairs (Seco). Industry in particular contributed to growth, along with the services sector.
+ Read how different sectors of the Swiss economy are faring
Economists surveyed by AWP had only expected growth of 0.2 to 0.4%. In the first quarter, GDP had increased by 0.3% compared to the previous quarter.
The current data is based on a quick estimate by Seco. Basic data that is still incomplete is supplemented with forecast values. The complete and updated data available later could still change the result, it is emphasised.
The official estimate for the first three months of the year will be published on September 3.
Translated from German by DeepL/mga
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to [email protected].
You Might Also Like
Swiss Re sees demand for reinsurance rise amid natural disasters
2024-09-09
Demand for reinsurance is rising amid more natural disasters, wars and economic instability
Keystone-SDA
Listen to the article
Listening the article
Toggle language selector
English (US)
What’s behind a CEO’s paycheck in Switzerland
2024-08-26
Keystone
Listen to the article
Listening the article
Toggle language selector
English (US)
English (British)
Switzerland unable to properly verify weapons exported to India
2024-08-22
More
Fight against skills shortage is insufficient, says Swiss audit office
This content was published on
Aug 27, 2024
The federal government has been providing the economy with financial support for years to alleviate the shortage of skilled workers. In a new report, the Swiss Federal Audit Office concludes that these measures have only had a limited effect. There is still a need for action.
Read more: Fight against skills shortage is insufficient, says Swiss audit office
Wage hikes: Swiss unions and employers have radically different expectations
2024-08-20
Swiss workers have seen pay rises eaten up by inflation
Keystone / Christian Beutler
Listen to the article
Listening the article
Toggle language selector
English (US)
Japan tries to win back Big Pharma
2024-08-16
Some 143 drugs already approved in Europe or the US have not been given the green light in Japan, according to Japanese health ministry data from March 2023.
Philip Fong / AFP
Listen to the article
Listening the article
Toggle language selector
English (US)
Swiss rider Steve Guerdat wins silver in Paris
2024-08-06
Only one trio out of 30 finalists completed the course—a testament to the challenging task that demanded the utmost from horse and rider, overtaxing some of the duos.
Copyright 2024 The Associated Press. All Rights Reserved
Listen to the article
Listening the article
Toggle language selector
English (US)
‘Balancing growth and sustainability is the challenge of the century for the tourism sector’
2024-06-24
In 2024, the tourism and travel industry is expected to reach, or even exceed, pre-pandemic levels. Francisco Betti is the co-author of a report on world tourism for the World Economic Forum (WEF). He believes firmly in the key role of technological progress in making the sector sustainable in the next 20 years.
Tags: Featured,newsletter
