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Swiss Watch Exports Suffer Steepest Decline Since 2020

GENEVA, Switzerland - April 26, 2024  The Swiss watch industry, a symbol of luxury and precision, is facing a significant challenge. According to data released last week by the Federation of the Swiss Watch Industry (FH), exports in March 2024 witnessed a dramatic 16% year-on-year decline, marking the steepest drop since the economic downturn of 2020.

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