The Swiss economy has felt the full impact of the introduction of 39% US tariffs in August and the slowdown in the global economy. An initial estimate shows a contraction in gross domestic product (GDP) from July to the end of September. +Get the most important news from Switzerland in your inbox GDP shrank by 0.5% in the third quarter compared with the previous quarter, according to the State Secretariat for Economic Affairs (SECO), which published a seasonally adjusted estimate on Monday that is produced around 45 days after the end of a quarter. In the second quarter, the country posted growth of just 0.1% compared with the previous quarter and excluding the impact of sporting events, following growth of 0.7% between January and March. The Swiss economy therefore produced even less wealth than anticipated by economists consulted by the AWP news agency. They forecast growth of between -0.3% and 0.2% in the third quarter of 2025 compared with the previous quarter. "Weighed down by ...
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Q3: Swiss GDP falls amid global slowdown, tariff shock
Published on November 17, 2025
Permanent link to this article: https://snbchf.com/2025/11/q3-swiss-gdp-falls-amid-global-slowdown-tariff-shock/
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