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.

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