Swiss economic growth accelerates in fourth quarter, estimate shows
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FILE PHOTO: People walk at the Christmas market at the Muensterhof square in Zurich, Switzerland, December 3, 2022. REUTERS/Arnd Wiegmann/File Photo
ZURICH (Reuters) - Swiss economic growth accelerated in the fourth quarter compared with the previous three months, driven by both industry and the services sector, a preliminary official estimate showed on Monday.
Adjusted for sporting events, gross domestic product (GDP) expanded by 0.4% from the third quarter, the figures published by the Swiss government showed. GDP had increased by 0.2% during the July-September period.
For the whole of 2024, growth slowed to 0.8% from 1.2% the previous year, the economy ministry estimate showed.
The figure was below recent growth in Switzerland, which since 1981 has averaged 1.8% annually, the ministry said.
(Reporting by Ozan Ergenay and Tristan Veyet, Editing by Friederike Heine)
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