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Swiss KOF dropped to 113.5, 4th wave of pandemic fueling doubts on economy

Swiss KOF Economic Barometer dropped for the third month in a row to 113.5 in August, below expectation of 126.3. However, it’;s still well above it’s average value of 100. KOF said, “the fourth wave of the pandemic, which is now becoming increasingly clear, is apparently fueling doubts about largely unhindered economic activity in the near future.”

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