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IMF - International Monetary Fund

09/16/2025 | Press release | Distributed by Public on 09/16/2025 07:09

Switzerland: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Alternate Executive Director for SwitzerlandHTML File

Summary

Switzerland remains highly resilient, supported by strong institutions, prudent policies, and a skilled labor force. However, global uncertainty, trade fragmentation, and persistent safe-haven flows have increased economic pressures. After slowing in 2024, growth picked up in early 2025 including due to front-loaded exports, but momentum remains tepid. Inflation has fallen to near zero despite policy easing by the Swiss National Bank (SNB). U.S. tariffs to Swiss goods were raised to 39 percent (excluding, inter alia, pharmaceuticals and gold) in August 2025.

IMF - International Monetary Fund published this content on September 16, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 16, 2025 at 13:09 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]