The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
trump's tariffs create uncertainty impacting swiss economy and job market
Swiss SMEs are feeling the impact of Trump's customs policy, with companies like Fraisa experiencing reduced orders due to uncertainty in the automotive sector. Economic growth is projected to slow to 1.2% this year, as investment decisions are delayed, leading to rising unemployment rates. Despite challenges, the chemical and pharmaceutical industries continue to support exports, preventing a recession.
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