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Forecast: economic slowdown expected
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 catch-up effect in the tourism and leisure sectors. Economic indicators have weakened ... (full story)