Swiss National Bank's Tschudin: Economic activity in Switzerland is resilient

Swiss National Bank governing board member Petra Tschudin said at the post-monetary policy assessment press conference on Thursday that the “economic activity in Switzerland is resilient, with solid GDP growth in the first quarter.

Key quotes

Talks with companies point to solid economic momentum, but unemployment has risen somewhat.

The main risk to the Swiss economic outlook is the development in the global economy.

Moderate development of global economy is likely to dampen growth in Switzerland in coming quarters.

Growth impetus expected in the medium term.

Upward pressure on the Swiss Franc could increase again.