CHF SECO Economic Forecasts
SECO is the federal government's source of expertise for all core issues relating to economic policy and their forecasts are well respected by market participants;
This report forecasts the major GDP components such as consumption and investment, together with key indicators including employment and inflation;
- History
Expected Impact / Date | Description |
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Jun 17, 2024 | |
Mar 19, 2024 | |
Dec 13, 2023 | |
Sep 20, 2023 | |
Jun 15, 2023 | |
Mar 16, 2023 | |
Dec 13, 2022 | |
Sep 20, 2022 | |
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- CHF SECO Economic Forecasts News
- From seco.admin.ch|Jun 17, 2024
The Federal Government Expert Group on Business Cycles continues to expect Switzerland's economic growth in 2024 to come in well below average (GDP adjusted for sporting events: 1.2%; March forecast: 1.1%). As the global economy gradually recovers, growth is likely to normalise to 1.7% in 2025 (unchanged forecast)*. The economic outlook is subject to both downside and upside risks. In the first quarter of 2024, Switzerland's GDP adjusted for sporting events continued the moderate pace of growth from the previous quarters. The ...
- From seco.admin.ch|Mar 19, 2024
As previously forecast, the Federal Expert Group on Business Cycles expects Swiss GDP growth adjusted for sporting events to be significantly below average in 2024 (1.1%; unchanged forecast). As the global economy gradually rebounds, growth is projected to normalise at 1.7% in 2025 (unchanged).1 The economic outlook is subject to both downside and upside risks. The Swiss economy sustained a moderate pace of growth in the fourth quarter of 2023. Once again, services proved the main pillar of growth, while manufacturing saw a decline ...
- From seco.admin.ch|Dec 13, 2023
As before, the expert group expects economic growth in Switzerland (GDP adjusted for sporting events) to be well below average in 2024 (1.1%; September forecast: 1.2%). As the global economy gradually recovers, growth should return to normal in 2025, at 1.7%*. Risks in connection with the monetary environment remain a primary concern. The Swiss economy grew moderately in the third quarter of 2023, driven in particular by the services sector. In the more cyclically sensitive industrial sectors, value added declined again. Many of the ...
- From seco.admin.ch|Sep 20, 2023
Based on the strong first quarter, the expert group on business cycles is marginally upgrading its 2023 outlook for Switzerland's GDP adjusted for sporting events (1.3%, June forecast: 1.1%). However, growth estimates for next year have been revised downward (1.2%, June forecast: 1.5%). This would equate to significantly below-average growth for the Swiss economy in both 2023 and 2024.* After a buoyant start to the year, Switzerland's economy stalled in the second quarter. Consumer spending was again strong, and the services sector ...
- From seco.admin.ch|Jun 15, 2023
The expert group on business cycles continues to expect significantly belowaverage growth for the Swiss economy, with a rate of 1.1% in 2023, followed by 1.5% in 2024 (GDP adjusted for sporting events). The Swiss economy started the year vigorously, and energy prices continue to fall. However, inflationary pressures remain high internationally and there are pronounced economic risks.1 Switzerland's GDP (adjusted for sporting events) grew substantially in the first quarter of 2023. Domestic final demand showed a solid increase, buoyed ...
- From seco.admin.ch|Mar 16, 2023
The expert group on business cycles has largely reaffirmed its previous assessment. Growth for the Swiss economy is projected to come in significantly below average at 1.1% in 2023, rising to 1.5% in 2024 (GDP adjusted for sporting events). The energy situation in Europe has eased in recent months. However, inflationary pressure remains high internationally.* Switzerland's GDP was flat in the fourth quarter of 2022. The more cyclical industrial sectors were held back by a challenging international environment, and goods exports ...
- From seco.admin.ch|Dec 13, 2022
The expert group on business cycles confirms its previous assessment. The Swiss economy is expected to grow at a significantly below-average rate of 1.0% in 2023, followed by 1.6% in 2024 (GDP adjusted for sporting events). This projection assumes, among other things, that there will be no energy supply shortages either this or next winter. Switzerland's GDP growth in the third quarter came in within expectations, driven in particular by domestic demand. Private consumption increased robustly, partly reflecting a post-pandemic ...
- From seco.admin.ch|Sep 20, 2022
The expert group on business cycles has significantly downgraded its expectations for Switzerland's GDP growth to 2.0% for 2022 and 1.1% for 2023 (GDP adjusted for sporting events). After a positive first half of the year 2022, the Swiss economy now faces a deteriorating outlook. A tense energy situation and sharp price increases are weighing on economic prospects, especially in Europe.* As expected, the Swiss economy continued to recover during the second quarter, if somewhat less vigorously. GDP growth was driven by the service ...
Released on Jun 17, 2024 |
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Released on Mar 19, 2024 |
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Released on Dec 13, 2023 |
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Released on Sep 20, 2023 |
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Released on Jun 15, 2023 |
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Released on Mar 16, 2023 |
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Released on Dec 13, 2022 |
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Released on Sep 20, 2022 |
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