ubs economists revise down swiss gdp growth forecasts for 2025

The growth forecasts for the Swiss economy in 2025 have been revised by UBS economists. They now predict a GDP growth of 1.3%, which is lower than the previous estimate of 1.5%. The reason for this adjustment is concerns over a slowdown in the eurozone, which is expected to impact Switzerland's economic performance.

When taking into account sporting events, the growth forecast is slightly higher at 1.5%, compared to the previous estimate of 1.7%. UBS emphasizes that if the recovery in the eurozone is weaker than expected, it could hinder Swiss industrial growth and further affect the nation's economic outlook for 2025.

For the year 2024, UBS maintains a GDP growth forecast of 1.4%, with an adjusted figure of 1.0%. In terms of inflation, UBS has lowered its projections. They now anticipate a rate of 1.1% for this year and 0.7% for 2025, down from the previous estimates of 1.2% and 1.0% respectively. This decline in inflationary risks is seen as a positive factor for consumer spending in the near future.

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