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.
Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).
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.
Search for articles
Most Read
- 1
- 2
- 3
- 4
- 5