IMF lowers growth forecast for Switzerland for 2025 slightly
Published: Tuesday, Oct 22nd 2024, 16:10
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The International Monetary Fund (IMF) has slightly lowered its forecast for economic growth in Switzerland in the coming year. The organization now expects economic growth of 1.3% in 2025.
This is according to the "World Economic Outlook" published on Tuesday. In their March forecast, the IMF economists had still expected growth of 1.4 percent.
Meanwhile, the IMF continues to expect the Swiss economy to grow by 1.3% in the current year 2024, according to the report. In terms of consumer prices in Switzerland, the IMF expects the inflation rate to fall from 1.3% in the current year to 1.0% in 2025.
Slightly better outlook for the global economy
Meanwhile, the IMF's outlook for the global economy is somewhat better - albeit not rosy. It is expected to grow by 3.2% both this year and next. The IMF describes the global outlook as "stable, but not overwhelming" and warns of uncertainties and risks.
The global fight against inflation has "largely" been won, even if price pressure persists in some countries, the report states. However, the outlook for the global economy is currently dominated by risks. An escalation of regional conflicts, particularly in the Middle East, could pose serious risks for the commodity markets, the IMF warns. A monetary policy that remains tight for too long could also cause problems.
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