ZURICH, Feb 28 (Reuters) – The Swiss economy showed no growth in the fourth quarter of 2022, the government said on Tuesday, as a “challenging international situation” hit manufacturing and exports.
The 0% growth rate missed forecasts and marked a slowdown from the 0.2% increase in the third quarter, said the State Secretariat for Economic Affairs (SECO), which complied the figures.
“While the less cyclically sensitive chemical and pharmaceutical industry recorded further growth…. the other industrial sectors contracted,” it said.
0
