GENEVA: The economy returned to growth at the end of last year as it fought off the impact of a currency shock that had threatened to push the nation into a recession.
GDP rose 0.4 percent in the three months through December, after contracting 0.1 percent in the prior quarter, the State Secretariat for Economic Affairs in Bern said yesterday.
That was the strongest quarter in a year and beats the median economist estimate for a 0.1 percent increase. Despite the better-than-forecast performance in the fourth quarter, the economy still suffered its worst year since 2009.
