ZURICH (Reuters) – The Swiss financial system will develop by 1.5% subsequent yr, the federal government forecast on Tuesday, barely revising down its outlook for considered one of Europe’s historically most resilient economies.
This yr, the financial system is anticipated to develop 0.9%.
Switzerland’s export-oriented financial system had beforehand been forecast to develop by 1.2% this yr and 1.6% subsequent yr, the State Secretariat for Financial Affairs (SECO) stated.
In 2026, the federal government expects Swiss financial output to broaden by 1.7%, its first prediction for that yr.
All three forecasts have been under the long-term common for Swiss financial progress of 1.8%, and replicate the affect of a slowdown in Europe and additional afield.
SECO stated home demand is prone to be a key driver of progress subsequent yr in Switzerland, which is having to climate subdued demand for its items in Germany and China.
All of the forecasts are adjusted to take away the affect of sporting occasions – revenue generated by sporting organisations primarily based in Switzerland from broadcasting and licensing offers which don’t replicate the nation’s broader financial efficiency.
The unpredictable nature of United States commerce coverage, together with the coverage of tariffs by the incoming Trump administration, additionally provides to the dangers forward.
There’s at the moment quite a lot of uncertainty about worldwide financial and commerce coverage, SECO stated.
In a separate forecast on Tuesday, the KOF Swiss Financial Institute stated it anticipated the Swiss financial system to develop by 1.4% in 2025 and 1.7% in 2026. It stated it anticipated international demand to be weak till the center of 2025 earlier than enhancing barely.
