The IMF has revised its economic growth forecast for Switzerland, projecting a growth rate of 1.3% for 2025, a slight decrease from the previously anticipated 1.4%.
The IMF maintains its expectation of a 1.3% growth rate for the Swiss economy in 2024.
The IMF also forecasts a decline in consumer prices in Switzerland, predicting that inflation will decrease from 1.3% this year to 1.0% in 2025.
The IMF projects global growth to remain steady at 3.2% for both the current year and the next.
The IMF warns that escalating regional conflicts, particularly in the Middle East, pose significant risks to commodity markets, which could have ripple effects on global economic stability.
Switzerland's economic landscape is intricately linked to its extensive network of free trade agreements (FTAs), which currently includes 35 agreements with 45 countries and blocs.
The benefits derived from these FTAs vary among partner countries.
Swiss policymakers may need to reassess their strategies to ensure that the economy remains resilient in the face of both domestic and international challenges.