Strong Swiss franc continues to hit Swiss economyStaff Writer | February 8, 2017
The Swiss franc's high value, especially compared to the euro, Tribune de Geneve quoted an expert as reporting.
Europe Andrea Maechler of the Swiss National Bank:
"It's clear that the strong Swiss franc remains a big challenge for many businesses in Switzerland," Maechler told the Geneva-based newspaper in an interview.
"The value of the Swiss franc is an important factor for Switzerland's economy, but it is not the only one," she added.
According to the Swiss official, Swiss gross domestic product (GDP) is expected to increase by 1.5 percent this year, matching last year's growth.
Switzerland's unemployment rate, which stood at 3.3 percent in December last year, is also much lower than the 4.0 percent recorded in 2009 and the 5.0 percent in the mid-1990s, she added. ■