Switzerland / 1st quarter of 2021 Gross domestic product in the 1st quarter of 2021
Recovery of the domestic economy interrupted
Gross domestic product in the 2nd quarter 2021 - domestic economy recovering from second COVID slump
Switzerland’s GDP fell by 0.5 % after growing by 0.1 % in the 4th quarter. Value added dropped significantly in the service sector following the tightening of measures de-signed to contain the coronavirus pandemic. Private consumption also contracted sharply. By contrast, industry grew markedly and prevented a greater decline in GDP. There was no repeat of the economic slump experienced in spring 2020.
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