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Macro - Country Economic Forecasts - Switzerland

Publisher Oxford Economics
Published Sep 30, 2025
Length 8 Pages
SKU # OFE20535965

Description

We left our sporting event-adjusted GDP growth forecast for 2026 unchanged at 0.9%. High US tariffs of 39% on half of Swiss export goods categories will weaken their demand and put pressure on corporate capex plans. But we still assume that the damage from the 39% tariffs is contained as ongoing negotiations bring down most tariffs to 15% by Q4.

Table of Contents

8 Pages
Switzerland: Tariffs and uncertainty lead to a slight recession in H2
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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