Swiss Economy Shows Accelerated Growth in Fourth Quarter

Swiss economic growth accelerated in the fourth quarter compared to the previous three months, driven by both industry and the services sector, according to a preliminary official estimate released on Monday. Adjusted for sporting events, gross domestic product (GDP) expanded by 0.4% from the third quarter, as reported by the Swiss government. This increase followed a 0.2% growth in GDP during the July-September period. The economy ministry's estimate indicated that for the entire year of 2024, growth slowed to 0.8% from 1.2% the previous year. The ministry noted that this figure was below Switzerland's average annual growth of 1.8% since 1981.