Both the Swiss government and the private KOF Swiss Economic Institute expect slower growth for the economy.
Switzerland's State Secretariat for Economic Affairs (SECO) Economic Growth Forecasts:
Factors Impacting Growth:
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
Finally We wish PressBee provided you with enough information of ( ICYMI - Switzerland has slashed economic growth forecasts )
Also on site :
- Two Minors Admit to Felony Charges following Bomb and Shooting Threat at Ventura High School
- 2000s Rock Icon Makes Jaw-Dropping Career Move & Fans Are Here for It
- Micky Dolenz Making Rare Appearance With 'Legendary' Piece of Monkees Memorabilia