Switzerland's Economy Beats Expectations With 0.5% Q1 Growth Despite Energy Shock and Franc Surge

According to Jin10, Switzerland’s economy expanded by 0.5% in the first quarter on May 18, surpassing the market expectation of 0.4%, despite energy price spikes and Swiss franc appreciation triggered by Iran-related geopolitical tensions. The country’s State Secretariat for Economic Affairs noted that both industrial and services sectors contributed to the growth, demonstrating economic resilience amid external headwinds.