Switzerland’s economy expanded at a brisk pace in the first quarter, at a time when many of its European neighbors are struggling to generate growth, fueling doubts over the sustainability of the Swiss central bank’s currency floor against the euro.
Swiss growth in gross domestic product accelerated in the three months through March at the fastest pace since the third quarter of 2010, as strong domestic consumption offset the negative impact of the strong Swiss franc on exports. This stands in contrast with developments in the neighboring euro zone that have made the franc a haven for investors. As result…