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Helped by a weaker franc and looser fiscal policy, real GDP is expected to grow by 0.8% this year and by 1.8% in 1998.In this section OUTPUT, DEMAND AND JOBS PRICES AND WAGES SWITZERLAND COMMODITY PRICE INDEX Reprints.
Big exporters, like Swatch and Nestle, may have lobbied for a weaker franc, hoping to make their products more competitive, but that's a sideshow.
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When Germany had a stable deutsche mark before switching to the euro, it did better economically than did neighboring France, with its chronically weak franc.
Switzerland's central bank said it expects to make a record profit of $55.2 billion in 2017, citing higher global equity and bond prices as well as a weaker Swiss franc.
It said: Growth prospects are being dampened by the euro area crisis on the one hand, and the uncertainty surrounding forthcoming fiscal policy decisions in the US on the other The SNB also reiterated its pledge to keep the franc weaker than 1.20 per euro, saying that the franc was still high and "weighing on the Swiss economy".
FOREIGN EXCHANGE.; Sterling Rallies After Weak Start --French Franc Heavy -- Slight Changes Elsewhere.
Archives|FOREIGN EXCHANGE.; Sterling Rallies After Weak Start --French Franc Heavy -- Slight Changes Elsewhere.
As it happened, this often occurred during times when the franc was weaker against the dollar (in which the Russian debt was paid) than it is today.
FOREIGN EXCHANGE.; French Franc Starts Weak, but Rallies Sharply at Close -- Sterling Reacts.
Archives|FOREIGN EXCHANGE.; French Franc Starts Weak, but Rallies Sharply at Close -- Sterling Reacts.
But with the dollar weak against the French franc (hugging the 4-to-the-franc barrier), all French goods are more expensive.
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