Switzerland's economy accelerated significantly in the second quarter, expanding 1.9% from the previous three-month period, according to data released by the State Secretariat for Economic Affairs.
On a year-over-year basis, gross domestic product rose 2.8% in Q2, a substantial improvement over the 0.5% annual growth recorded during the first quarter.
The quarterly pace marks a notable pick-up from January through March, when output increased just 0.6% from the prior period and just 0.5% compared with the same quarter a year earlier, underscoring how the second quarter represented a meaningful shift in momentum for the Swiss economy.
