Switzerland's
economy failed to grow in the second quarter of the year, according to the
country's State Secretariat for Economics.
The
much weaker-than-expected figure came after exports were affected by weakness
in the rest of Europe and construction spending fell.
The
zero growth in the quarter was the weakest performance for two years.
Compared
with a year earlier gross domestic product (GDP) was 0.6% higher, well below
forecasts of 1.7%.
"For
us it's really below expectations. We expected a bit more growth," said
Maxime Botteron from Credit Suisse.
"The
trend in exports is not a big surprise. Trade data so far already pointed to a
