-
Economic forecast: Swiss economic growth to be significantly below average in 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 contracted. Meanwhile, domestic demand continued to strengthen, buoyed in part by a robust ... (full story)