Exports, port of Basel
Update 11:40 Bern, Switzerland (GenevaLunch) – Switzerland officially moved out of recession in the third quarter of 2009, Bern announced Tuesday 1 December. Real GDP (gross domestic product) was up 0.3 percent compared to the previous quarter. Private consumption (+0.6 percent) and building investments both grew, and healthcare plus the financial and insurance industries also rose. Investments were up “massively”, with industrial goods investments rising by 5.5 percent.
The government’s own “consumption expenditure” rose by 1.3 percent.
Exports of goods and services both climbed, by 2.2 and 0.3 percent respectively, for the first time “after a considerable one-year slide” the government statement reports.
Bern, Switzerland (GenevaLunch) – Switzerland’s gross domestic product (GDP) fell by 0.8 percent in the first three months of 2009 compared to the last quarter of 2008. The drop was 2.4 percent compared to the same period in 2008. Foreign trade was the main culprit, says the federal government: exports of goods fells by 6.6 percent and of services by 2.3 percent.
