Swiss economy to grow 1.5% next year, government forecasts
2024.12.17 03:10
ZURICH (Reuters) – The Swiss economy will grow by 1.5% next year, the government forecast on Tuesday, slightly revising down its outlook for one of Europe’s traditionally most resilient economies.
This year, the economy is expected to grow 0.9%.
Switzerland’s export-oriented economy had previously been forecast to grow by 1.2% this year and 1.6% next year, the State Secretariat for Economic Affairs (SECO) said.
In 2026, the government expects Swiss economic output to expand by 1.7%, its first prediction for that year.
All three forecasts were below the long-term average for Swiss economic growth of 1.8%, and reflect the impact of a slowdown in Europe and further afield.
SECO said domestic demand is likely to be a key driver of growth next year in Switzerland, which is having to weather subdued demand for its goods in Germany and China.
