IMF Cuts Switzerland’s Growth Forecast on US Tariffs

Swiss growth is coming under pressure from global uncertainty including high US tariffs and safe-haven flows into the franc, according to the International Monetary Fund.

Economic expansion is projected to gradually converge to potential by 2028, the IMF said Tuesday in a statement on its annual Article IV Consultation with Switzerland. In this context, the Swiss National Bank’s interest-rate cut to zero was warranted given low inflation and weakening labor market conditions, it added.