Switzerland is expected to post growth of at least 2.5 percent this year, fueled by booming exports. To achieve this, the Swiss National Bank prevented the rise of the Swiss franc against the euro. It said the move led to a loss of 2.8 billion Swiss francs (USD2.7 billion) in the first half of the year, The New York Times reports.

    About the author

    • Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.