Experts lower Swiss growth forecasts due to US trade tensions
Trump-related uncertainties weigh on Swiss economy
Keystone-SDA
Select your language
Generated with artificial intelligence.
Listening: Experts lower Swiss growth forecasts due to US trade tensions
Uncertainties regarding the direction of Donald Trump’s new US administration are affecting Switzerland’s economic outlook. As a result, the BAK Economics market research institute is lowering its economic forecasts.
This content was published on
2 minutes
Keystone-SDA
Italiano
it
Incertezze legate a Trump pesano su economia svizzera
Original
According to the research institute, Switzerland’s Gross domestic product (GDP) is expected to grow by 1.2% this year and in 2026, down from previous estimates of 1.4% and 1.5%. Adjusted for sporting events, the growth figures are 0.8% and 1.7%, compared to the last estimates of 1.0% and 2.0%.
Trump’s tariffs and threats of tariffs are increasingly affecting global trade, according to BAK experts. They estimate that growth in this sector will be more than a third lower than previously forecast due to the imposed, suspended, or announced duties. More concerning, however, is the uncertainty caused by ongoing trade conflicts. In such an environment, companies are hesitant to make decisions, which significantly hinders investment.
In contrast to the export sector, Switzerland’s domestic economy remains robust, particularly in consumption and construction. This growth is driven by strong population increases due to high levels of immigration and the stable trends in inflation, interest rates and exchange rates.
BAK analysts predict that inflation will stay low but positive in 2025 and 2026, at 0.4% and 0.5% respectively. Given this outlook, the Swiss National Bank is expected to maintain its current policy.
What is your opinion? Join the debate:
External Content
Translated from Italian with DeepL/sp
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.
What factors should be taken into account when inheriting Swiss citizenship abroad?
Should there be a limit to the passing on of Swiss citizenship? Or is the current practice too strict and it should still be possible to register after the age of 25?
As a Swiss Abroad, how do you feel about the emergence of more conservative family policies in some US states?
In recent years several US states have adopted more conservative policies on family issues, abortion and education. As a Swiss citizen living there, how do you view this development?
Swiss culture budget approved, after long disagreement over looted art
This content was published on
On Wednesday, the Swiss parliament found common ground on looted art after a long disagreement on this sensitive point in history.
Swiss parliamentarians back expansion of nitrochemical capacity to boost defence
This content was published on
The Swiss House of Representatives has backed a motion to expand the armaments company Nitrochemie in order to increase defence capabilities.
Swiss engineering company ABB to equip Stadler trains in the US
This content was published on
Swiss-Swedish multinational ABB will supply traction converters and batteries for Stadler’s new trains in the United States.
Former Credit Suisse manager fined CHF100K over Mozambique affair
This content was published on
The Swiss Federal Department of Finance has fined a former Credit Suisse executive CHF100,000 for failing to report suspicion of money laundering.
This content was published on
The ailing steel manufacturer Swiss Steel had to contend with dwindling demand in 2024. Sales volumes and turnover fell significantly.
Swiss give green light to first regulated blockchain platform
This content was published on
The Swiss Financial Market Supervisory Authority, Finma, has given the go-ahead for the first regulated Swiss platform for digital assets.
Three injured in Swiss armoured military vehicle accident in Bern
This content was published on
An army armoured personnel carrier was involved in an accident in Canton Bern on Tuesday afternoon. Three members of the army were injured.
Swiss parliament backs proposals for more oversight over big banks
This content was published on
The Swiss House of Representatives has adopted all motions put forward by the parliamentary inquiry into the Credit Suisse-UBS emergency merger.
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.