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Swiss KOF rose to 113.8, economy taking a V-shaped course

Swiss KOF Economic Barometer rose to 113.8 in September, up from 110.2, beat expectation of 106. That’s the four rise in a row after a historic drop earlier this year. KOF said, “at present, the economy is taking a V-​shaped course, so that a recovery of the Swiss economy can be expected for the time being. However, a second wave of COVID-​19 cases could lead to a sharp revision of this assessment.”

Also released, Credit Suisse Economic Expectations dropped to 26.2 in September, down form 45.6.

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