Switzerland / 2nd quarter of 2021 Gross domestic product in the 2nd quarter 2021 - domestic economy recovering from second COVID slump

Swiss GDP grew by 1.8 % after contracting 0.4 % in the first quarter.  Value added grew markedly in the service sector as a result of relaxed COVID measures. Private consumption recovered strongly. Industry also grew, although not as strongly as in previous quarters. In the second quarter, total GDP was only 0.5 % lower than the pre-crisis level seen in the fourth quarter of 2019.

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Gross domestic product in the 2nd quarter 2021 - domestic economy recovering from second COVID slump
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