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Investor demand for Switzerland’s currency, already trading at a five-year high, will increase as the country’s economy will outperform others during the recession, strategists at UBS Group AG predict. “Switzerland enters this recession with excellent credit quality, and its pandemic health situation is under control,” UBS strategists Thomas Flury and Gaetan Peroux wrote in a note to clients. “Hence its economy should do relatively well in comparison to other regions.”The economic impact of a further decline of the euro against the franc should be limited, as Swiss tourism and many export sectors are already suffering from a drop in activity.