SWITZERLAND: The Swiss government on Thursday upped its 2026 economic growth forecast to 1.7percent, citing an exceptionally high growth recorded in the second quarter of the year.
Switzerland is traditionally one of Europe’s more resilient economies, with big sectors such as pharmaceuticals less affected by swings in global demand.
“In particular, foreign trade is expected to contribute more strongly to this year’s growth than was anticipated in June,” the expert group at the State Secretariat for Economic Affairs (SECO) said in a statement.
It still flagged the conflict in the Middle East and higher oil and gas prices as risks to the global economy. The Swiss National Bank is also due to give its latest economic forecasts later in September. SECO confirmed its inflation forecast for the year at 0.6percent, saying it expected it to remain at a similar rate in 2027.
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