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 services sector expanded again, and private consumption increased solidly. However, the ... (full story)