June 25 (Reuters) – Swiss economic growth will remain subdued in the near term, slowing to 1.1% in 2026, as sluggish growth among trading partners and heightened geopolitical and tariff uncertainty dampen external demand, the IMF said on Thursday.
Growth is seen at 1.1% in 2026 compared to 1.4% in 2025, the International Monetary Fund said in a statement. Adjusted for sporting events, growth is seen at 0.8% in 2026. In 2027, growth is seen accelerating to 1.2%, or 1.5% when adjusted for sporting events.
Full year inflation is seen at 0.6%.
The IMF sees the main potential risks to growth as adverse geopolitical events, higher energy prices and more flare-ups in trade tensions.
The Swiss government had slightly reduced its 2026 economic growth forecast to 0.9% last week, citing energy price hikes due to the Middle East crisis and their dampening effect on global activity. Switzerland is traditionally one of Europe’s more resilient economies, with big sectors, such as pharmaceuticals, less affected by swings in global demand.
(Writing by Matthias Williams, Editing by Linda Pasquini)
