IMF sees growth slowing in Switzerland before 2027 rebound

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)

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