16486
Swiss Franc Above Expectations
World Economy

Swiss Franc Above Expectations

When the Swiss central bank abandoned its cap on the franc back in January, corporate Switzerland warned of an economic “tsunami” that would hit exports, hammer jobs and plunge the Alpine nation into a deep recession, Reuters reported. Four months later, however, the country appears to be holding up better than the doomsayers had predicted. At an annual gathering of business leaders in St. Gallen this past week, Swiss firms said they were weathering a sharp rise in the Swiss franc’s value against the euro since the cap was scrapped by adjusting prices, emphasizing new markets and seeking more flexible hours from staff.

Short URL : http://goo.gl/hQtVuc

You can also read ...

ADB Forecasts India Growth at 7.3 Percent
The Asian Development Bank expects India’s growth to pick up...
Dow futures dropped more than 100 points in early trading, as traders returned from the long holiday  weekend to face fresh selling pressure for US stocks.
A six-day rebound in world stocks began to splutter on Tuesday...
Ghana Told to Cut High Agro Imports
The World Bank country director for Ghana, Henry Kerali, has...
Chinese ironworks are increasingly  using Australian ore, which has  a high iron content.
Global stock markets are down from their recent peaks and...
London-based Capital Economics expects the German economy to expand by 2.7% this year. This would be above the government’s  more conservative forecast of 2.4%.
The German economy is expected to improve in the next six...
Indonesia Criticizes Trump’s Protectionist Policies
Indonesia is foregoing billions of dollars on offer from...
File picture of truckers in Buenos Aires during a demonstration last summer against the policies of Mauricio Macri.
The Argentine economy grew “close to 2.8%” last year, Guido...
Goldman Raises Red Flag Over US Gov’t Spending
US fiscal policy is headed for “uncharted territory.” That’s...

Trending

Googleplus