Despite the moderate growth in consumer spending, Switzerland's economy stagnated at the end of 2022 as the challenging global conditions curtailed exports and manufacturing output.
Gross domestic product logged a flat sequential growth in the fourth quarter after expanding 0.2 percent in the previous three months, the State Secretariat for Economic Affairs, or SECO, said Tuesday.
Year-on-year economic growth eased to 0.7 percent from 0.9 percent in the third quarter.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.