Switzerland Says US Tariffs Will Cut Growth to 0.9% Next Year

Switzerland’s government cut its growth forecast for next year, acknowledging that US tariffs will cause sizable damage to the economy.

Gross domestic product will grow just 0.9% in 2026, the State Secretariat for Economic Affairs said Thursday. That’s down from a previous projection of 1.2%. This year’s 1.3% estimate was left unchanged.