Switzerland's State Secretariat for Economic Affairs (SECO) Economic Growth Forecasts:
2023: Swiss economy projected to grow 0.9% (down from a prior forecast of 1.2%).2024: Growth forecast revised to 1.5% (previously 1.6%).2026: First forecast predicts 1.7% growth.All forecasts are below Switzerland's long-term average growth of 1.8%.Slower global demand, particularly from Germany and China, is weighing on exports.Domestic demand expected to drive growth in 2024.
Risks Ahead:
US trade policy, including tariffs under the incoming Trump administration, adds uncertainty.Broader international economic and trade policy remains unpredictable.KOF Swiss Economic Institute Forecast:
Expects growth of 1.4% in 2025 and 1.7% in 2026.Predicts weak foreign demand until mid-2025, with gradual improvement thereafter. This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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