UBS economists have revised upwards their estimates of Swiss gross domestic product (GDP) growth for the current year. However, they are more pessimistic for next year, due to the spectre of US tariffs. +Get the most important news from Switzerland in your inbox Experts are expecting GDP growth adjusted for sporting events to reach 1.3% in 2025, compared with 1.0% previously, according to a statement from the banking giant published on Monday. Wealth creation was buoyed by a solid first three months. The State Secretariat for Economic Affairs (SECO) reported on Monday morning that Swiss GDP rose by 0.8% quarter-on-quarter between January and March, excluding the impact of sporting events, compared with an initial estimate of 0.7%. But the much-vaunted "Liberation Day" proclaimed by US President Donald Trump at the beginning of April could change all that. "Over the next few quarters, US customs duties are likely to have a negative impact on exports, notably due to the offsetting of ...
