Economists are downgrading their predictions for growth for this year and 2026.
The State Secretariat for Economic Affairs says a ‘general climate of uncertainty’ is limiting investment decisions. But it doesn’t believe there will be an escalation in the trade war.
It’s now predicting a growth rate of 1.4% this year – down point 1 percent and a similar fall for 2026 at 1.6%.
It also says it expects a significant slowdown in the United States, but a timid recovery in the EU.
Govt wants to cut Microsoft ties
Switzerland is looking to reduce its reliance on the US tech giant Microsoft, according to reports.
Court may overturn E-ID vote
The Federal Court is set to rule on a challenge to the narrow approval of the Swiss e-ID law.
Army chief warns of unprepardness
Switzerland’s army chief has warned the country must strengthen its defences amid rising global instability.
Watch collector seriously injured in attack
A watch collector has been seriously injured in a violent attack in Geneva.
Search called off for missing lake man
An elderly man remains missing on Lake Constance.
Watches and Wonders drew major stars
Watches and Wonders 2026 has been drawing global stars to Palexpo in Geneva.
