Revised GDP Growth Estimates for Switzerland

The State Secretariat for Economic Affairs (SECO) has adjusted Switzerland's gross domestic product (GDP) growth estimates for 2025 and 2026. The forecast for 2025 has been revised down from 1.5% to 1.4%, and for 2026, from 1.7% to 1.6%.

Economic Outlook and Domestic Demand

SECO noted that the Swiss economy would continue to grow below its historical average for the next two years, assuming no escalation in global trade wars. Domestic demand is expected to remain stable, supported by low inflation which is anticipated to bolster household spending.

Inflation and Unemployment Rates

Inflation projections for 2025 remain unchanged at 0.3%, while the unemployment rate is now forecasted at 2.8%, a slight increase from the previous estimate of 2.7%.