Quietly, the Swiss have built an all-weather economy. The franc has appreciated steadily whether the dollar was rising or falling, and whether the global economy was in recession or recovery. They just seem to understand how to stay competitive. In 2015, the franc surged on a shift in central bank policy and manufacturers responded by moving even more sharply to sophisticated exports, which are less sensitive to currency shifts.
Sharma: The world's strongest currency is also super-competitive
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