Swiss government slashes economic outlook for 2026 as tariffs set in
- Country:
- Switzerland
The Swiss economy is forecast to grow by 1.3% in 2025 and 0.9% in 2026, the government said on Thursday, lowering its forecasts for next year as U.S. tariffs dampen activity in the export-orientated country. Switzerland is struggling to adapt to the 39% import duties imposed by Washington in August, among the steepest charges under President Donald Trump's trade policy reset.
As a result of the tariffs and general trade uncertainty, the government on Thursday downgraded its forecasts for economic growth for 2026 from the 1.2% projection it issued in June and maintained its forecasts for 2025. The forecasts are adjusted for the impact of sporting events.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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