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Macro - Country Economic Forecasts - Switzerland

Publisher Oxford Economics
Published Dec 22, 2025
Length 8 Pages
SKU # OFE20686073

Description

We've kept our sporting event-adjusted GDP growth forecasts for Switzerland unchanged at 1.4% for 2025 and 0.9% for 2026. GDP declined by -0.5% q/q in Q3 2025, mainly driven by the pharmaceutical sector, as the frontloading of orders ahead of higher US tariffs reversed. Below-average growth in services failed to offset the downturn in the industrial sector.

Table of Contents

8 Pages
Switzerland: Ongoing weak investment outlook curbs growth in 2026
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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