According to Bloomberg, gross domestic product increased by 0.5% from October to December, which is higher than the preliminary estimate of 0.4%. This is the strongest growth since the beginning of 2023.
Switzerland was able to avoid the stagnation that is observed in many neighboring countries, although it did not completely avoid problems in the industrial sector, the newspaper notes. However, according to the Swiss Statistical Office, growth in the fourth quarter was driven by both industry and the service sector.
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According to experts, the report does not take into account data on major sporting events, as they can distort the overall picture of the economy. Switzerland is the base for many international sports organizations, and, for example, the income of the International Olympic Committee during the Olympic Games can increase the country's GDP without reflecting real economic activity.
Let's add that Switzerland's economy is one of the most stable in the world, and its per capita GDP is one of the highest.
Earlier, we wrote that European premium segment banks, primarily Swiss ones, are increasing the requirements for minimum amounts in Russian accounts.
