Swiss & global economic outlook

Find out how the Swiss economy is navigating the trade tariff turbulence.

EY real-estate spotlight 2024 cover image

Findings from the report:

  1. In early 2025, Swiss GDP surged on export front-loading up 2.3% y/y in Q1, only to slow sharply to 0.6% y/y in Q3 due to US tariffs and unfavourable base effects.
  2. Switzerland is more exposed to tariffs than the EU due to the structure of exports and, the high US export share.
  3. Modest recovery expected from 2027 with forecast GDP growth of 1.5% as global demand improves and policy uncertainty reduces.

Authors: 
Daniel Gentsch

Publication: 
18 December 2025

Language: 
English

Number of pages: 
17

Document type: 
Report

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