The Basel-based institute said it expected growth of Switzerland’s gross domestic product of 2.5% in 2022, as the economy coped well with a series of challenges.
However, the BAK experts have downgraded the growth outlook for next year to 0.9% from 1.4% in June, according to a survey published on Tuesday.
They warn that the expected energy shortage in Europe and a tightening of the monetary policy by the central banks would have a negative impact on Switzerland’s economy.
BAK slightly raised its inflation forecast to 2.6% for 2022, up 0.1%. Experts have reiterated that they expect the rate to drop to around 1% next year.
Train vs plane: would you take a direct train between London and Geneva?
Eurostar is planning to run direct trains from Britain to Germany and Switzerland from the early 2030s. Would you favour the train over the plane? If not, why not?
Swiss town rejects surveillance cameras at train station
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Vevey does not want the station area to be monitored by cameras. In a vote held on Sunday, the population rejected a plan to install 44 cameras in the area in order to combat street dealing.
Palestine demo broken up at Israel-Switzerland basketball match
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Around 150 pro-Palestine activists tried to force their way into Switzerland's match against Israel at the U-19 World Cup in Lausanne.
Swiss foreign minister: ‘EU was only given what was necessary’
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After negotiating hard on the package deal with the European Union and finding a balance, Switzerland gave the EU only what was needed, Swiss Foreign Minister Ignazio Cassis said on Saturday.
Passenger dies in helicopter crash on Swiss glacier
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A helicopter crashed in the Fusshörner region on the Oberaletsch Glacier in canton Valais on Saturday afternoon. The passenger in the helicopter, which was carrying three people, died.
Abbot of Saint-Maurice steps down following sex abuse report
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Jean Scarcella has decided to step down as Abbot of Saint-Maurice in the Swiss canton of Valais, the abbey announced on Saturday.
Philipp Matthias Bregy named new president of Centre Party
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Valais National Councillor Philipp Matthias Bregy is the new President of the Centre Party. The delegates elected him as the successor to Gerhard Pfister on Saturday in Bern without discussion.
Global call for active neutrality launched from Geneva
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A number of players have launched a worldwide appeal for active neutrality in Geneva at a time when the major powers are taking a tougher line. The city is competing with Vienna to attract an international congress on this issue in 2026.
Swiss lower economic growth forecasts due to war and inflation
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Switzerland has downgraded its economic growth forecast for 2022 to 2.6% due to the war in Ukraine and uncertainties in China.
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The price of Swiss household goods rose 3.4% in June compared to the same month last year, led by the surging cost of fuel and heating oil.
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