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Economic forecast: Below-average growth, inflation lower than previously expected

The Federal Government Expert Group on Business Cycles continues to expect Switzerland’s economic growth in 2024 to be considerably below average (GDP adjusted for sporting events: 1.2%, unchanged from previous forecast). As global economic conditions gradually improve, a moderate acceleration in growth is anticipated for 2025 (1.6%; June forecast: 1.7%).* Inflation is expected to continue to fall.

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