Swiss Economy In 20 Charts

Latest edition · July 22, 2026

202607 Swisseconomyin20charts

This report provides a comprehensive overview of the Swiss economy, highlighting the impact of global geopolitical tensions and moderate growth expectations. It maintains a cautious outlook while identifying domestic demand as a stabilizing force.

The Swiss economic outlook is increasingly shaped by geopolitical volatility in the Middle East, which has influenced inflation, energy prices, and interest rate expectations. While Switzerland continues to show growth in manufacturing and exports, the broader recovery remains sensitive to global conditions, including an uncertain European growth backdrop. Consequently, the SNB remains on hold, and the forecast for Swiss GDP remains conservative at 0.7% for 2026.

Key takeaways from the latest edition

• 1.Swiss economic growth remains subpar, with a 2026 forecast of 0.7%, though domestic demand acts as a pillar of support.
• 2.Geopolitical tensions in the Middle East are the primary risk factor, impacting oil prices, inflation, and global growth outlooks.
• 3.The Swiss National Bank is expected to keep rates steady at 0% for the short term, with potential for hikes in 2027 if growth accelerates.

What this series covers

• Global growth
• Global inflation
• Global monetary policy
• Global interest rates
• PMI Switzerland
• Swiss growth
• Swiss exports
• Exportbarometer
• UBS CFA Indicator
• Swiss inflation and oil prices
• Swiss inflation
• Swiss unemployment
• Swiss national budget
• SNB
• Swiss interest rates
• Swiss swap rates
• EURCHF
• USDCHF
• Swiss equities
• Long-term performance of CHF asset classes

Edition archive

• 202607 Swisseconomyin20charts

  July 22, 2026

• 202605 2 Swisseconomyin20charts

  May 28, 2026

• 202605 Swisseconomyin20charts

  May 11, 2026