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Economic forecast confirmed: Swiss economic growth significantly below average in 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 by factors including the strong rise in private consumption. The industrial sector ... (full story)