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Macro - Country Economic Forecasts - Switzerland

Publisher Oxford Economics
Published Aug 28, 2025
Length 8 Pages
SKU # OFE20418452

Description

We cut our sporting event-adjusted GDP growth forecast for 2026 by 0.1ppt to 0.9%. New US tariffs of 39% on half of Swiss export goods categories will weaken their demand and put pressure on corporate capex plans. Nevertheless, we left our 2025 growth forecast unchanged at 1.2% as the flash estimate points to better GDP development in Q2 than expected – 0.1% compared to -0.4% in our forecast.

Table of Contents

8 Pages
Switzerland: Tariff shock clouds outlook as growth slows
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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