Swiss government slashes economic outlook for 2026 as tariffs set in
ReutersOct 16, 2025 7:00 AM
ZURICH, Oct 16 (Reuters) - 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.
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