Swiss cut economic outlook for 2025 as trade war risks weigh
The Swiss economy, traditionally one of the most robust in Europe, is expected to grow by 1.3 per cent in 2025, a downgrade from the government's March forecast of 1.4 per cent.
The State Secretariat for Economic Affairs (SECO) also cut its forecast for 2026 growth to 1.2 per cent from 1.6 per cent previously, with exports expected to fall.
Both figures, which were adjusted for the impact of sporting events, were below the country's long-term average growth rate of 1.8 per cent.
"Uncertainty regarding international trade and economic policy remains high and is shaping the outlook for both the global and Swiss economies," SECO said.
Although Switzerland had seen strong economic growth at the start of the year, this was driven largely by exporters rushing through shipments ahead of the introduction of US tariffs.
"Performance is expected to weaken significantly for the remainder of the year," SECO added.
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