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Swiss business doing well months after franc shock

Adjusting prices, new markets and strong US dollar help weather currency's rise

Mr Hayek of Swatch worries that the strong franc could force others to shift production abroad.

St Gallen, Switzerland

WHEN the Swiss central bank abandoned its cap on the franc in January, corporate Switzerland warned of an economic "tsunami" that would hit exports, hammer jobs and plunge the Alpine nation into a deep recession. Four months later, however, the country appears to be