Following an increase in exports to the United States in the first quarter, the Swiss economy is bracing itself for a tariff backlash. +Get the most important news from Switzerland in your inbox In particular, dark clouds are gathering over the economic outlook for 2026. The State Secretariat for Economic Affairs (Seco) has lowered its forecast for gross domestic product (GDP) growth by about ten basis points for 2025, to 1.3%, and by about forty basis points for 2026, to 1.2%. The boomerang effect did not affect the KOF economic research centre's projections for the current year, but led the Zurich-based specialists to reduce their forecasts for next year. GDP is still expected to increase by 1.4% for 2025, but by 1.5% for 2026, compared to 1.9% in the last assessment, the KOF says in its seasonal publication. "The international trade war is proving to be even more intense than predicted in the spring and is disrupting economic forecasts even more," said KOF. The scenario favoured ...
