UBS economists more confident about Swiss economy in 2025
UBS economists more confident about the economy in 2025
Keystone-SDA
Select your language
Generated with artificial intelligence.
Listening: UBS economists more confident about Swiss economy in 2025
UBS economists have revised upwards their estimates of Swiss gross domestic product (GDP) growth for the current year. However, they are more pessimistic for next year, due to the spectre of US tariffs.
This content was published on
2 minutes
Keystone-SDA
Français
fr
Les économistes d’UBS davantage confiants pour l’économie en 2025
Original
Experts are expecting GDP growth adjusted for sporting events to reach 1.3% in 2025, compared with 1.0% previously, according to a statement from the banking giant published on Monday.
Wealth creation was buoyed by a solid first three months. The State Secretariat for Economic Affairs (SECO) reported on Monday morning that Swiss GDP rose by 0.8% quarter-on-quarter between January and March, excluding the impact of sporting events, compared with an initial estimate of 0.7%.
But the much-vaunted “Liberation Day” proclaimed by US President Donald Trump at the beginning of April could change all that. “Over the next few quarters, US customs duties are likely to have a negative impact on exports, notably due to the offsetting of anticipated effects, and GDP is therefore likely to stagnate,” they point out. They do not expect a return to growth until next year.
For 2026, adjusted GDP growth is calculated at around 1%, compared with 1.2% so far.
The UBS economists are warning of a harsher scenario. If trade relations do not stabilise over the next few months, as hoped, “a global recession cannot be ruled out”. The Swiss economy would not escape this. In that case, the contribution of foreign trade would be clearly negative.
We select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate them into English. A journalist then reviews the translation for clarity and accuracy before publication. Providing you with automatically translated news gives us the time to write more in-depth articles. The news stories we select have been written and carefully fact-checked by an external editorial team from news agencies such as Bloomberg or Keystone.
Did you find this explanation helpful? Please fill out the short survey below to help us understand your needs.
External Content
Don’t miss your chance to make a difference! Take our survey and share your thoughts.
Most over-65s in Switzerland regularly use the internet
This content was published on
The digital divide is narrowing faster than expected in Switzerland. A study published on Wednesday reveals that nine out of ten over-65s use the internet.
Will Swiss president be forbidden from speaking English to counterparts?
This content was published on
Switzerland's president, Karin Keller-Sutter, should use one of the country's four national languages when communicating with international organisations, and not English, according to a motion that passed on Wednesday.
Canton Valais gives CHF10 million to Blatten after devastating landslide
This content was published on
Canton Valais is releasing CHF10 million ($12.1 million) in emergency funds for the mountain village of Blatten, which was wiped out by a devastating glacier collapse last week.
Elderly Swiss-Tunisian man held in prison in Tunisia
This content was published on
An 81-year-old Swiss-Tunisian dual national is being held in a Tunisian prison. The former manager of the UN refugee agency UNHCR was arrested a year ago, according to Amnesty International.
Major traffic jams expected in Switzerland for Whitsun weekend
This content was published on
Long traffic jams can be expected near the Gotthard Tunnel, the main north-south transalpine route in Switzerland, on Friday and Saturday afternoons due to the Whitsun holiday.
Swiss defence minister launches probe into alleged spy links with Russia
This content was published on
Swiss Defence Minister Martin Pfister has launched an investigation into the alleged disclosure of sensitive information by the cyber division of the Federal Intelligence Service to Russia.
PFAS-contaminated meat still sold in eastern Switzerland
This content was published on
Meat containing excessive levels of toxic PFAS "forever chemicals" produced by farms in canton St Gallen is still being sold.
Violations in Gaza by ‘both sides’ must be condemned, says Swiss minister
This content was published on
Swiss Foreign Minister Ignazio Cassis has admitted that Israel is failing in its obligations by hindering humanitarian aid to Gaza.
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.