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Swiss exports roll further

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Swiss exports roll further

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Swiss exports slumped by nearly a quarter in June.

Year-on-year they were down by 23.5 percent when adjusted for price swings and were 2.6 percent lower from May. The Swiss Federal Customs Office said the first half of the year saw the biggest drop in exports ever recorded and overall trade is now at levels last seen in 2006. The slump in exports has already dragged the Swiss economy deep into recession.