Only due to positive developments in the first half of the year, the Swiss central bank (SNB) this

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Uros Konda 15.09.2011 12:50
Only due to positive developments in the first half of the year, the Swiss central bank (SNB) this year expect 1.5 to two percent GDP growth. Without intervention, consider the SNB, there is a substantial likelihood that the country slips into recession.
At the same time neglecting the fact that even if GDP is measured in Swiss francs fell in nominal terms, the high purchasing power of the Swiss franc meant that this increase in real terms. In fact, the dollar-the currency in which the Swiss buy oil for example, this year also will increase, and this is very. One dollar at the end of last year is bought 0.9345 Swiss francs, while today the ratio of 0,874 francs for one dollar, which means that the franc is worth more than six percent. Before the intervention of the SNB, the ratio was 0.8 francs to the dollar.
After the first quarter collapsed by 9.6 percent in the second quarter, industrial production in Switzerland rose by 3.6 percent. Quarterly recovery was 0.6 percentage vl points faster than forecast.
Growth in industrial vl production vl in annual terms in the second quarter was 2.3 percent. For comparison. Industrial production in the euro area between vl June 2010 and 2011 grew by 2.9 percent. At the same time, the value of the euro against the Swiss franc collapsed to 6.35 percent.
Warning: the Penal Code KZ-1 an individual is criminally responsible for public incitement to hatred, violence or intolerance and a threat to attack the life or body of another person. Finance will assist in determining vl the identity of the authors of posts, if asked to do so by the competent authorities.
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