IMF lowers growth forecast for Switzerland for 2025 slightly
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Listening: IMF lowers Switzerland’s 2025 growth forecast
The International Monetary Fund (IMF) has slightly lowered its forecast for Switzerland’s economic growth next year. The organisation now anticipates a growth rate of 1.3% in 2025.
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IWF senkt Wachstumsprognose für Schweiz für 2025 leicht
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For 2024, the IMF still expects the Swiss economy to grow by 1.3%, according to the report. Regarding consumer prices, the IMF forecasts inflation to drop from 1.3% this year to 1.0% in 2025.
IMF forecasts improved prospects for the global economy
Meanwhile, the IMF’s outlook for the global economy is slightly more optimistic, though not overly positive. Growth is expected to be 3.2% both this year and next. The IMF describes the global outlook as “stable, but not overwhelming” and cautions about uncertainties and risks.
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Who benefits from free trade agreements with Switzerland?
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Switzerland has 35 free trade agreements (FTAs) with 45 countries or blocs. Some benefit more than others.
The global fight against inflation has been “largely” won, though price pressures remain in some countries, according to the report. However, the outlook for the global economy is still fraught with risks. The IMF warns that escalating regional conflicts, especially in the Middle East, could seriously impact commodity markets. Additionally, maintaining a tight monetary policy for too long could also cause problems.
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