Switzerland / 2nd quarter of 2020 Gross domestic product in the 2nd quarter
pandemic leads to historic slump
Gross domestic product in the second quarter of 2023
Switzerland's GDP fell by -8.2 % in the 2nd quarter of 2020, after decreasing by -2.5 % (revised) in the previous quarter. Domestic economic activity was severely restricted in the wake of the pandemic and the measures taken to contain it. The global economy also plunged into a sharp recession. However, Switzerland's GDP decline remained limited in an international comparison.