In the first quarter, the Swiss economy to 2.6 per cent shrunk

In the first quarter, the Swiss economy to 2.6 per cent in the gross domestic product showing a decline, the effects of Corona to feel. The Seco speaks partially aces of historical tragedy.1 Kommentar1Das closed Restaurant Tibits in Basel on Saturday, 2. In may 2020.KEYSTONE/Georgios Kefalas

The Swiss economy has already suffered in the first quarter of 2020, under the impact of the Corona pandemic. Compared to the previous year quarter of Minus 1.3 percent after +1.6 percent in the final quarter of 2019.

Because of the pandemic and mitigating measures, the economy had been hampered activity in March, the state Secretariat for economic Affairs (Seco) on Wednesday to the Numbers. In addition, the international economic downturn have slowed the export economy.

The break-in was a little stronger than experts had expected. The AWP of the experts interviewed had seen the development of quarter-on-quarter in the case of -1.2 to -2.5 percent.

“history”

In the message of the Seco is, in part, of declines in “historical proportions” to the speech. This is true for the trade (by 4.4% in the previous quarter) and the hospitality industry (-23,4%). The latter have to fight already had from the beginning of March, with declining numbers of guests from abroad.

But also the Transport and communication sector (-5.1%), which registered according to the information due to thinned travel and flight schedules the strongest Minus in the last 30 years. And also, the health sector (-3.9%) and suffered, because of the different medical treatments were temporarily suspended.

On the other hand, only the public administration (+0.8%) and the financial sector (+2,3%) would have supported the GDP. The latter benefited according to the Seco of a growing international business.

(SDA)

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