Stock Market

The sharp downturn of the Swiss economy is gathering further pace as a slump in exports spreads to domestic sectors, an unexpectedly steep fall of the KOF growth barometer for March showed on Friday. The widely watched Swiss Economic Institute (KOF) indicator, which points to the economys performance in six months time, dropped to -1.79 from a upwardly revised -1.37 in February, a new record low.