Switzerland's State Secretariat for Economic Affairs (Seco) has lowered economic growth forecasts for both this year and next, against a backdrop of global uncertainty. + Get the most important news from Switzerland in your inbox Growth is likely to be below the historical average for at least two more years. "The general climate of uncertainty on the economic and trade front continues to weigh on the outlook for the world economy, and hence for the Swiss economy", say Seco forecasters in a press release issued on Tuesday. They assume that tensions will not escalate into a global trade war, but do not completely rule out this risk. + What lies ahead for the Swiss economy in 2025? According to this basic scenario, gross domestic product (GDP) adjusted for sporting events should grow by 1.4% in 2025 and 1.6% in 2026, whereas estimates dating back to December were still forecasting growth of 1.5% and 1.7% respectively. Risk of "extreme" scenario Growth is therefore likely to be below ...
