SNB’s Hildebrand on Swiss exports market
Philipp Hildebrand, the chairman of the governing board at the Swiss National Bank, on Tuesday said Switzerland's export market performed strongly recently despite the slowdown in global demand and the appreciation of the Swiss franc.
Speaking at an event in Brussels, Hildebrand said as a small open economy, Switzerland could not escape the collapse in world trade and exports, in particular goods exports, during the crisis. He said the appreciation of the Swiss franc that ensued also impaired
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