Data on Switzerland's exports in April confirm a slowdown, but the weaker trend is unlikely to lead to a collapse in the country's exports, Zuercher Kantonalbank says. "Europe is the biggest problem, with weak economies and uncertainty over Greece damping demand for Swiss goods, particularly from the machinery and electrical sector, which is worrying," notes ZKB economist David Marmet. "The franc is becoming less of a problem as exports have had more than half a year to adjust to the floor of 1.20 francs per euro, and many of the quality Swiss goods aren't that price sensitive," he adds.
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