Unfortunately Switzerland didn't manage to dodge the bullet entirely. Many people saw the Swiss Franc as a safe haven currency and massively bought them up, d

Unfortunately Switzerland didn't manage to dodge the bullet entirely. Many people saw the Swiss Franc as a safe haven currency and massively bought them up, driving up the exchange rate. This caused Switzerland's exports to become uncompetitive which is also slowing what is a very export driven economy. Oddly enough prices haven't really come down domestically either, but neither has unemployment risen that much (despite large layoffs in the financial services sector, particularly in their biggest banks, UBS and Credit Suisse).