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Swiss KOF Barometer in Decline
This morning’s publication of Switzerland’s KOF Economic Barometer revealed an economic outlook that has dipped somewhat since last month’s reading. A combination of economic indicators is now portraying economic conditions slightly more pessimistically than before.
The measure only fell by approximately 0.2 points from 1.00 to 0.80, a measure that still falls within optimist territory, but only slightly. The Swiss economy has fared relatively well over the last several years, only recently falling from a gouging effect brought on by an artificially strong currency.
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