VOT Research Desk
Switzerland’s State Secretariat for Economic Affairs (SECO) warned on Tuesday that the government expects the country’s economic growth to decelerate next year but not to enter a recession.
However, the European energy situation is likely to continue difficult, with gas and electricity prices remaining high.
Furthermore, high international inflation and monetary policy tightening are anticipated to dampen demand. The Swiss government expects 2022 CPI at +2.9% (up from +3.0% previously).
The Swiss government expects the Consumer Price Index to rise by 1.5% in 2024. The Swiss government forecasts a 1.5% CPI in 2024. CPI in 2023 is expected to be +2.2% (up from +2.3%).
GDP growth in 2022 is expected to be +2.0% (up from +2.0%). GDP growth in 2023 is expected to be 1.0% (up from 1.1% previously). GDP growth of 1.6% is projected for 2024.
