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Swiss Economy Seen Tipping Into Recession on Virus Shutdowns Feb 15 2021, 11:55 AM February 12 2021, 4:18 PM February 15 2021, 11:55 AM (Bloomberg) Switzerland is sinking into recession because of business closures to combat the pandemic, according to economists surveyed by Bloomberg. (Bloomberg) Switzerland is sinking into recession because of business closures to combat the pandemic, according to economists surveyed by Bloomberg. While the nation has less-stringent rules on social distancing than neighboring countries, shops, restaurants and leisure facilities are still closed at least until the end of February. The median forecast was for a 0.7% drop in gross domestic product in the final quarter of 2020, and a further contraction of 0.6% in the first three months of 2021. Figures for the end of last year are due later this month.

Thomas jordanSwiss national bankLike the european unionEuropean unionAlessandro beeNational bank president thomas jordanதாமஸ் ஜோர்டான்சுவிஸ் தேசிய வங்கிபோன்ற தி ஐரோப்பிய தொழிற்சங்கம்ஐரோப்பிய தொழிற்சங்கம்Alessandro தேனீதேசிய வங்கி ப்ரெஸிடெஂட் தாமஸ் ஜோர்டான்