However, the unit of the ETH Zurich remains optimistic despite the war in Ukraine and rising inflation, according to a statementExternal link published on Wednesday.
The KOF institute is forecasting that Switzerland’s gross domestic product will rise 2.7% this year and by 1.6% next year, driven by stable growth in industry and increasing domestic consumption.
The figures are slightly down from March when KOF expected GDP growth of 2.8% for the current year.
The economists say that the inflation rate in Switzerland is relatively low compared with other countries – 2.6% this year and 1.5% in 2023 – down 0.2% from the March forecast.
A third major panel of experts, the BAK BaselExternal link institute, is still to announce its latest assessment. In March, it put economic growth at 2.3% in 2022 and 1.7% in 2023. It also warned that inflation would be above 2%.
Popular Stories
More
Life & Aging
Zurich: how the world capital of housing shortages is tackling the problem
In Switzerland more people are being referred to electrical therapies or psychedelic-assisted psychotherapy. Are there similar approaches where you live?
Is your place of origin, your Heimatort, important to you?
Every Swiss citizen has a Heimatort, a place of origin, but many have never visited theirs. What’s your relationship with your Heimatort? What does it mean to you?
Lufthansa set to abolish in-flight sales, SWISS to keep them
This content was published on
Perfumes, cigarettes, sunglasses: The German airline Lufthansa will no longer sell these products on long-haul flights in future. Lufthansa subsidiary Swiss is sticking to in-flight sales for the time being.
This content was published on
After a short break due to the cool weather, grass pollen is now flying in Switzerland, the Swiss Allergy Centre said on Monday.
This content was published on
Researchers have shown for the first time in Switzerland that urban greenery measurably reduces the stress levels of city dwellers.
US tariffs affect canton Zurich less than other locations
This content was published on
The Zurich cantonal government is observing the developments surrounding the US tariffs "with concern". Compared to other locations, however, Zurich should get off lightly.
This content was published on
The Alpine Museum in Bern is showing the finds of diver David Godio, who has been fishing lost objects out of the River Aare for years.
This content was published on
Healthcare costs in Switzerland rose by 2.4% in 2023. The Swiss healthcare system thus cost around CHF94 billion ($113 billion).
Karaoke tram to run through Basel during Eurovision
This content was published on
A karaoke tram will be doing the rounds in Basel during the Eurovision Song Contest (ESC). During a 90-minute journey, guests can sing and dance for free in a vintage car.
Net wealth of Swiss households rises to CHF4.8 trillion
This content was published on
Private household assets in Switzerland continued to grow strongly in 2024. The increase was driven by both the growth in financial assets and higher property assets.
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.
Read more
More
Swiss lower economic growth forecasts due to war and inflation
This content was published on
Switzerland has downgraded its economic growth forecast for 2022 to 2.6% due to the war in Ukraine and uncertainties in China.
Swiss economy holds up despite Ukraine uncertainty
This content was published on
Economists have confirmed their previous growth forecast for Switzerland of just under 3% for 2022, but this is only in the most favourable scenario.
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.