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Switzerland Facing Much Slower Growth in 2026 on US Tariffs: KOF

Summary by Bloomberg
Switzerland’s economy will grow much less than expected next year due to the hefty tariffs imposed by the US, according to Zurich’s KOF research institute.

11 Articles

The Swiss economy will only grow weakly in 2026, as the Economic Research Centre (KOF) expects. Industry in particular suffers.

·Zürich, Switzerland
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The KOF/ETH revises economic expectations downwards. This is due to US tariffs and further uncertainties.

·Zürich, Switzerland
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The US is threatening Swiss pharmaceutical companies with tariffs, should they not lower their prices. They are now lobbying for more »site advantages«. The costs of protectionism are to be borne by customers.

The Swiss National Bank (SNB) kept its key interest rate at zero percent on Thursday, while warning that tariffs imposed by US President Donald Trump had worsened the economy's outlook for 2026.

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SWI swissinfo.ch broke the news in Bern, Switzerland on Wednesday, September 24, 2025.
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