Economic growth in Switzerland will likely be lower for the rest of this year than previously forecast.
The Economics Ministry has downgraded its expectations due to the global uncertainty.
It says growth will be more ‘timid’ for the rest of this year and into 2026.
It now expects a 1.3% growth rate, instead of the 1.4% previously forecast for this year and then a sharper slowdown for next year, to 1.2% - not the 1.6% it had originally predicted.
SBB reports increase in incidents
Staff on Switzerland's rail network face around ten incidents of abuse or threat every working day, with insults, racist comments and physical attacks all on the rise since the pandemic
Households feeling the financial strain
Even middle-class Swiss households say they are struggling to make ends meet, with 89% of Swiss now tracking spending every month
Conference underway in Geneva
The Building Bridges conference has opened in Geneva, bringing finance houses, NGOs, companies and academics together for three days on climate and sustainability
More student violence in France
Police fired tear gas yesterday at student demonstrators outside Lycée Monge in Chambéry, as the lycée protests that shut Haute-Savoie schools last week spread into neighbouring Savoie
Health insurance premiums only rising
Swiss basic health premiums could pass CHF 1,000.- a month within 15 years if the current rate of increase holds
Borrowing costs increase
Switzerland is being pulled into a global surge in borrowing costs
