UBS lowers growth forecasts for Swiss economy in 2025
UBS believes that the main risks lie with the eurozone, Switzerland's most important foreign trade partner.
Keystone-SDA
Select your language
Generated with artificial intelligence.
Listening: UBS lowers growth forecasts for Swiss economy in 2025
Economists at UBS, Switzerland's biggest bank, have lowered their growth forecasts for the country's economy next year, citing a slowdown in the eurozone as a factor.
This content was published on
2 minutes
Keystone-SDA
Français
fr
Les économistes d’UBS plus pessimistes pour l’économie en 2025
Original
The experts now anticipate growth in gross domestic product (GDP) of 1.3% in 2025, compared with 1.5% previously, according to a statement released on Monday. Adjusted for sporting events, growth should reach 1.5%, versus 1.7% previously forecast.
The bank believes that the main risks lie with the eurozone, Switzerland’s most important trade partner. “A weaker-than-expected acceleration in economic activity in the eurozone is also likely to delay the recovery in Swiss industry, and thus put the brakes on Swiss growth in 2025”, say the economists.
For 2024, UBS is still forecasting GDP growth of 1.4%, or 1.0% in adjusted terms.
Domestically, inflationary risks are weakening. The experts are revising their inflation forecast to 1.1% from 1.2% this year, and to 0.7% from 1.0% in 2025, which “supports the outlook for consumption”, they said.
Translated from French with DeepL/gw
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.
Popular Stories
More
Foreign affairs
European nations snub Swiss-made weapons over Ukraine restrictions
Swiss President remembers victims of October 7 attack
This content was published on
One year after the attack on Israel by Hamas, Swiss President Viola Amherd remembered the victims and called for the release of all hostages.
Lausanne public transport to go all-electric by 2030
This content was published on
The company that runs public transport in the Swiss city of Lausanne intends to convert its entire fleet of vehicles to electric power within the next five years.
Russia opens criminal case against Swiss journalist for crossing Kursk border
This content was published on
The Russian secret service has opened proceedings against Swiss journalist Kurt Pelda for crossing the state border in the Kursk region.
Swiss mushroom pickers face shortage of poison antidote
This content was published on
Tox Info Suisse is urging amateur mushroom pickers to have their pickings checked amid a current shortage of the antidote used to treat mushroom poisoning.
Swiss skies too cloudy for spotting aurora borealis
This content was published on
The northern lights were visible on Sunday night only near the border with Austria. The Swiss sky was too overcast to observe the lights.
Memorial service held in Bern for October 7 attack victims
This content was published on
Over 200 people commemorated the victims of the Hamas attack on Israel one year ago in Bern's synagogue on Sunday evening.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.