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OECD ups economic forecast for Switzerland

Thursday, 5 December 2024 06:30

The economy is growing faster than expected – according to the latest figures from the OECD.

The organisation was predicting a rate of 1.4% for next year – but has slightly raised that now to 1.5%.

It’s also predicting a 1.9% rate for 2026. 

The economy will be boosted, it says, by lower unemployment and strong consumer spending. It also expects inflation to remain low.

But it does warn that growth could be derailed by other countries performing badly, especially Germany, the United States and China. 

Longer term, the OECD says Switzerland needs to tackle an aging population by adjusting the retirement age and creating incentives for people to stay working for longer. 

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