The economy OECD expects only moderate economic growth for Switzerland
According to the OECD economic organization, the Swiss economy is only likely to pick up slightly in the coming years. The lower tariffs on trade with the USA will improve the outlook slightly, but growth will be driven primarily by domestic consumption.
02.12.2025, 11:13
SDA
For 2026 and 2027, the Organization for Economic Co-operation and Development (OECD) is forecasting gross domestic product (GDP) growth of 1.2 percent in Switzerland, as it wrote in its Economic Outlook on Tuesday. According to the forecast, GDP growth is likely to be 1.1% in the year 2025.
The agreement with the USA to reduce tariffs to 15 percent should strengthen the recovery in exports from 2026, the OECD believes. However, the increased uncertainty will weigh on investment in the coming years.
And it is precisely this ongoing global uncertainty that could lead to an even stronger Swiss franc, the study continues. This would worsen export prospects again.
Meanwhile, according to the OECD projections, the Swiss National Bank (SNB) will keep the key interest rate unchanged at zero until 2027. This is because inflation will only rise slightly to 0.6 percent and 0.7 percent respectively in the next two years.
Conclude trade agreements
As usual, the organization's experts also have advice ready. For example, swift ratification of the agreements with the EU would secure market access in Europe and revive exports. New free trade agreements are also recommended for Switzerland.
The OECD also suggests structural reforms: Harmonization of regulations between the cantons, for example, would promote domestic competition and generate economies of scale.
