The Swiss National Bank (SNB) has released its quarterly bulletin, projecting a modest 1% growth in the country's Gross Domestic Product (GDP) for 2024. This forecast follows a "moderate" expansion expected in the fourth quarter of this year and anticipates growth between 1% and 1.5% in 2025.

The SNB has identified global geopolitical uncertainties as the primary risk to Switzerland's economic output. Despite these challenges, the bank anticipates a slight uptick in growth next year, supported by a more accommodative monetary policy as economic activity is expected to remain subdued.

Further details and analysis will be provided in the coming days.