Gross domestic product in the second quarter of 2021: domestic economy recovering from second COVID slump
Swiss GDP grew by 1.8 % after contracting 0.4 % in the first quarter. Value added grew markedly in the service sector as a result of relaxed COVID measures. Private consumption recovered strongly. Industry also grew, although not as strongly as in previous quarters. In the second quarter, total GDP was only 0.5 % lower than the pre-crisis level seen in the fourth quarter of 2019.