The bank Raiffeisen has cut its Swiss growth forecast for this year and next, blaming the ongoing war in the Middle East.
Economists at the cooperative now expect GDP to rise by just 0.8% in 2026 and 1.3% in 2027 - a tenth of a percentage point lower than its early-May figures.
Inflation has been revised the other way, with consumer prices now expected to climb 0.7% this year.
The bank says the Middle East conflict is squeezing global demand and slowing Europe's industrial recovery.
ICRC neutrality important
The head of the International Committee of the Red Cross says Switzerland and the Geneva-based humanitarian body should keep their neutralities distinct
Cyclists fined
Gendarmes and municipal police handed out 135-euro fines to cyclists caught ignoring a road closure along Lake Annecy this weekend
Swiss football captain banned from training camp
Switzerland's football captain Granit Xhaka has admitted procuring a fake Covid vaccination certificate and will miss the next four Nations League matches
Price change for homeowners with solar panels
Swiss households with solar panels face a significant change from 1 January
AI not recommended in the mountains
Swiss mountain guides are sounding the alarm over hikers using ChatGPT and similar tools to plan trips into the Alps.
Geneva airport travel landmark
For the first time in Geneva Airport's history, more passengers are flying to and from China than to and from the United States
