Tariffs dampen Swiss economic growth prospects

The Swiss economy is likely to grow much more slowly in the coming year than was assumed in the summer, according to experts from the KOF Swiss Economic Institute at ETH Zurich. +Get the most important news from Switzerland in your inbox The US tariff hammer of early August and the various uncertainties are to blame. According to KOF, gross domestic product (GDP) is only expected to grow by 0.9% in 2026 without international sporting events. In the summer, it had still expected 1.5%. KOF confirmed its forecast of 1.4% growth for 2025 and 1.6% for 2027. According to KOF, the import tariffs introduced by Washington are having an increasingly negative impact on the Swiss export sector. The fact that Swiss goods are subject to higher duties on average than products from the EU is particularly critical. Although the pharmaceutical industry has supported the economy so far, an obligation to reduce prices could weaken the positive effect, KOF wrote. There is an even greater risk if US ... Full story here Are you the author? Previous post See more for 3.) Swissinfo Business and Economy Next post
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