Macro - Country Economic Forecasts - Switzerland
We still expect GDP growth for Switzerland of 1.5% this year (or 1.2% when adjusted for major sporting events). But for next year, we've cut our GDP forecast by 0.2ppts to 1.3% (or 1.6% if adjusted for sporting events). This downgrade mainly reflects that the cyclical upswing in the manufacturing sector in H2 2024 and H1 2025 will be smaller than we assumed previously.
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