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Swiss GDP Growth Forecast Cut Amid U.S. Tariff Woes

10/16/2025

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Summary

Story summary

The Swiss government revised its 2026 GDP growth forecast from 1.2% to 0.9% due to the burden of U.S. tariffs.
Switzerland's economy, heavily export-based, faces a 39% tariff on goods sent to the United States, while a strengthening Swiss franc adds headwinds.
Economists warn of a recession, and analysts estimate that tariffs reduce GDP by about 0.86%, with some predicting negative growth in the second half of 2025.

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Story summary

The Swiss government revised its 2026 GDP growth forecast from 1.2% to 0.9% due to the burden of U.S. tariffs.
Switzerland's economy, heavily export-based, faces a 39% tariff on goods sent to the United States, while a strengthening Swiss franc adds headwinds.
Economists warn of a recession, and analysts estimate that tariffs reduce GDP by about 0.86%, with some predicting negative growth in the second half of 2025.