The Swiss government’s expert group expects economic growth of 1% – down from 1.1% forecast in December, according to the State Secretariat for Economic Affairs (SECO). This suggests the Swiss economy is likely to grow below average. The Swiss Economic Institute (KOF) at the federal technology institute ETH Zurich is also forecasting growth of 1%, but only if oil prices fall again soon. If oil prices remain at current levels for a longer period, growth of just 0.7% is expected for 2026. The forecasts for 2027 are 1.7% and 1.5% under a scenario of higher oil prices. Oil prices also have a significant impact on inflation: if they remain high, KOF expects inflation to reach 0.6% in 2026 and 0.8% in 2027. If they fall, the figures are expected to be 0.3% and 0.6%. Private consumption as a pillar Regardless of oil prices and the war in Iran, the global economy is currently growing only moderately, according to the already cautious outlook for 2026. In the Eurozone – and especially in ...
