The Swiss government anticipates a slowdown in the economy but does not expect a recession


  • 2022 GDP growth forecast at +2.0% (previously +2.0%)
  • 2023 GDP growth forecast at +1.0% (previously +1.1%)
  • 2024 GDP growth forecast at +1.6%
  • 2022 CPI forecast at +2.9% (previously +3.0%)
  • 2023 CPI forecast at +2.2% (previously +2.3%)
  • 2024 CPI forecast at +1.5%

Commenting on the forecast, SECO indicates that:

“This would indicate sluggish growth for the Swiss economy, but not a severe recession. However, the energy situation in Europe is expected to remain tight with high gas and electricity prices. In addition, high international inflation and the tightening monetary policy are likely to dampen demand.”



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