‘Luck running out’ for Swiss economy as growth slows ahead of US tariff hit
GDP only expanded by 0.1% in second quarter, adding to pressure on central bank to return to negative interest rates
GDP only expanded by 0.1% in second quarter, adding to pressure on central bank to return to negative interest rates

Economy contracted in the third quarter as pharmaceutical and chemical sectors saw ‘sharp decline’

Surge in value of Swiss franc amid US-driven trade war and lagging inflation has complicated policymaking

New duty level on Swiss goods one of highest in the world and exceeds 31% rate outlined by Donald Trump in April

European country hopes to reduce levy from 39% after business leaders stepped in to drive the talks forward

Stricter post-Credit Suisse oversight sets nation on different path to US in particular

Officials worry that country’s historic strengths have become liabilities in age of trade wars