FX.co ★ Swiss Economy Grows 0.2% in Q4

Switzerland’s economy expanded by 0.2% quarter-on-quarter in the fourth quarter of 2025, recovering from a 0.5% contraction in the previous quarter, flash estimates showed. The figures point to a degree of resilience following the initial impact of US President Trump’s 39% tariff, which had triggered the country’s sharpest downturn since the pandemic. Services sector growth remained subdued, while industrial activity was broadly flat. For 2025 as a whole, GDP rose by 1.4%, up from 1.2% in the preceding year, but still fell short of its long-term average growth rate of 1.8% (since 1981), as a difficult global backdrop continued to weigh on the export-oriented economy.