Swiss Economy in 20 Charts

UBS provides a comprehensive visual update on the Swiss economy, highlighting the risks posed by Middle East tensions to growth and inflation. While the domestic economy remains resilient, foreign demand is weakening under the weight of higher oil prices and trade tariffs.

Key Takeaways

• 1.The Middle East crisis is the primary headwind for global and Swiss growth, leading to downward revisions in GDP forecasts.
• 2.Swiss inflation is projected to rise slightly to 0.6% in 2026 due to higher oil prices, but remains well within the SNB's target range.
• 3.The SNB is expected to keep its policy rate at 0% for now, despite market expectations of a potential hike.

Table of Contents

• 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

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