Switzerland dodges recession with 0.2% growth

Switzerland's economy expanded by 0.2 percent in the second quarter of this year, the economic affairs ministry said Friday, allowing the country to dodge a recession. The meagre growth from the first quarter came after the Swiss economy contracted by 0.2 percent during the first three months of the year, which had left many analysts forecasting that the wealthy Alpine nation would slip into recession. The GDP growth can especially be attributed to a steep drop in imports.