RTTNews - Friday, KOF economic think tank said its economic barometer for Switzerland rose to minus 1.65 in June from May's revised reading of minus 1.85. Meanwhile, economists had expected the indicator to rise to minus 1.75.

The negative reading indicates that the year-on-year growth rate of Swiss gross domestic product or GDP will remain considerably negative, but based on the latest trend, it is expected that the economy might soon reach its trough.

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