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Switzerland GDP (Q4 2020) & KOF Barometer (Feb.)

The 0.3% q/q expansion in Swiss GDP in Q4 was slightly better than expected and means that output was just 1.6% smaller than in Q4 2019. Tighter virus-related restrictions and a renewed slump in the neighbouring euro-zone means that activity is likely to remain weak in Q1. But as elsewhere, the economy is clearly holding up much better than during the first lockdown.

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