Swiss economy gets boost from Europe

A hoped-for upturn in the Swiss economy will soon become a reality with support coming from Europe, according to the KOF Swiss Economic Institute. Check out our selection of newsletters. Subscribe here. KOF economists predict that a recovery will start in the second half of this year. Specifically, they expect a 1.2% increase in sport-adjusted gross domestic product (GDP) for 2024 as a whole and 1.8% for 2025, according to a statement on Monday by the think tank that belongs to the federal technology institute ETH Zurich The reason for the apparent recovery is the situation in Europe. According to the latest KOF forecast, the outlook should improve in Germany, France, and Italy in particular, where increased consumer spending and higher investment is expected. Better prospects for industry As is well known, the recent below-average growth in these countries had slowed down the export-driven part of the Swiss economy. However, momentum in exports is now picking up again, according ...