OECD raises growth forecast for Swiss economy

The Swiss economy is growing slightly faster than expected, according to the Organization for Economic Cooperation and Development (OECD). +Get the most important news from Switzerland in your inbox The OECD expects annual gross domestic product (GDP) growth of 1.5% for 2025, it said in its "Economic Outlook" on Wednesday. Previously, it had assumed growth of 1.4%. For this year GDP growth should reach 1.3%; its earlier forecast was 1.1%. According to its new outlook, the OECD expects a more significant acceleration in the economy in 2026, with annual growth estimated to hit 1.9%. + IMF lowers Switzerland’s 2025 growth forecast Consumption helps The growth of the economy will be driven by a recovery in private consumption and rising employment, OECD experts predict. Falling inflation and better financing conditions should also help. In terms of inflation, the OECD predicts an inflation rate of 1.1% for 2024, and 0.9% and 1.0% in 2025 and 2026, respectively. + Read more: Swiss ...