The outlook for the Swiss economy is turning gloomy, according to the State Secretariat for Economic Affairs.
It warns of a sluggish second half of 2025 and slower growth in 2026, largely due to US tariffs of up to 39% on Swiss products.
The agency now expects GDP to rise by just 1.3% next year and 0.9% in 2026.
SECO says the trade climate has become particularly difficult, citing US duties, a strong franc, and ongoing global uncertainty weighing on Swiss exports and competitiveness.
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