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.
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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.
