Growth rate downgraded by ministry

Economic growth in Switzerland will likely be lower for the rest of this year than previously forecast.

The Economics Ministry has downgraded its expectations due to the global uncertainty. 

It says growth will be more ‘timid’ for the rest of this year and into 2026.

It now expects a 1.3% growth rate, instead of the 1.4% previously forecast for this year and then a sharper slowdown for next year, to 1.2% - not the 1.6% it had originally predicted. 

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