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Market Update: Swiss Current Account Surplus Widens in Q1
Switzerland’s current account surplus widened to CHF 15.93 billion in the first quarter of 2021, from CHF 10.16 billion in the same period last year, as the goods surplus increased to CHF 22.04 billion from CHF 18.08 billion and the secondary income deficit shrank to CHF 0.72 billion from CHF 3.93 billion last year. Meanwhile, the services surplus stood at CHF 0.52 billion, little-changed from CHF 0.59 billion a year ago, while the primary income gap rose to CHF 5.91 billion from CHF 4.58 billion. source: Swiss National Bank [/s2If]
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