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.
Popular Stories
More
Climate adaptation
Why Switzerland is among the ten fastest-warming countries in the world
High-net-worth individuals prioritise well-being over material possessions
This content was published on
The priorities of wealthy private individuals have shifted against the backdrop of ongoing geopolitical tensions and trade disputes. While spending on luxury goods is declining, demand for travel and experiences is unabated.
Swiss researchers sequence genome of 1918 Spanish flu virus
This content was published on
Researchers from the Universities of Basel and Zurich (UZH) have sequenced the genome of the Spanish flu virus, thanks to a sample taken from an 18-year-old Swiss boy who died in the city on the Limmat in 1918, when the pandemic spread around the world.
Swiss martyr beatified in Barcelona by Catholic Church
This content was published on
François-Benjamin May (1870-1909), a member of the Marist Brothers congregation, has been recognised as a 'blessed' by the Catholic Church.
Prevention and tech could help save billions on Swiss healthcare costs, says Deloitte
This content was published on
By focusing on prevention and technology, it would be possible to reduce Switzerland's healthcare bill by CHF30 billion a year by 2040, according to Deloitte Switzerland.
Environment director warns of increasing climate-related risks in Switzerland
This content was published on
The director of the Swiss Federal Office for the Environment (FOEN) has warned of increasing climate-related risks in Switzerland in an interview with SonntagsBlick on Sunday.
Gotthard traffic queue hits 11km at start of holiday season
This content was published on
The start of the summer holidays saw a long traffic jam in front of the Gotthard tunnel on Saturday. Traffic jams between Erstfeld and Göschenen in canton Uri were up to 11 kilometres long early in the morning.
Swiss lower economic growth forecasts due to war and inflation
This content was published on
Switzerland has downgraded its economic growth forecast for 2022 to 2.6% due to the war in Ukraine and uncertainties in China.
This content was published on
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.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.