The Swiss economy grew slightly more strongly than initially expected in the first quarter of 2025. Real gross domestic product (GDP) increased by 0.8% on an adjusted basis in the period from January to March 2025 compared to the previous quarter, as announced by the State Secretariat for Economic Affairs (Seco) on Monday. A fortnight ago, Seco had measured 0.7% in an initial flash estimate. At that time, the figure was said to be above average. +Get the most important news from Switzerland in your inbox However, the extent to which this boom was driven by anticipatory export effects remains an open question. According to economists, there may have been such effects due to US President Donald Trump's tariff threats. Companies may therefore have taken advantage of the even lower customs environment in the starting quarter. The "Liberation Day" then took place at the start of the second quarter. According to Seco, the chemical and pharmaceutical industry expanded at an above-average ...
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