SECO’s Adjusted Swiss GDP Forecast: Strategic Insights for Businesses in 2025

Switzerland’s economic landscape is evolving, and businesses need to be prepared for the changes ahead. SECO’s revised GDP forecast offers valuable insights into how the economy will shift in the coming years. Here’s what you need to know:

GDP Growth

• 2022: Real GDP growth stood at 2.4%.
• 2023: Growth slowed down to 1.3%.
• 2024: GDP is expected to decline further to 1.2%.
• 2025: A recovery is anticipated, with growth reaching 1.7%.

Consumption

• Private Consumption: Slowed down in 2023 but is expected to recover slightly by 2025.
• Government Consumption: Declined in 2023, with a gradual recovery forecasted in the years ahead.

Investment

• Physical Assets and Software: Investments in gross fixed capital formation (GFCF) dropped in 2023 and 2024 but are expected to rebound significantly by 2025. This is driven by increased spending on fixed assets, particularly benefiting Swiss tech companies, potentially fostering innovation, increased productivity, and growth in the sector.

Exports and Imports

• Both exports and imports are forecast to see significant growth by 2025. This signals the increasing importance of global markets for Swiss businesses. Companies should focus on international expansion and optimizing sourcing strategies to capture the benefits of trade growth.

Impacts on Businesses

Economic Recovery by 2025

With a growth recovery expected by 2025, businesses should consider strategic investments during the slower years. Positioning now for growth can yield strong returns as the economy rebounds.

Investment in Fixed Assets and Software

The expected recovery in GFCF by 2025 highlights promising prospects for tech companies and businesses that rely heavily on capital investments. Firms investing in infrastructure, equipment, and technology will likely experience greater productivity and new opportunities.

International Focus

The anticipated rise in exports and imports reinforces the need for businesses to adopt a global perspective. Expanding into international markets and diversifying sourcing strategies will be essential to capitalize on global trade growth.

Strategic Planning

Businesses should prioritize investment in technology, explore new markets, and optimize supply chains to prepare for the expected recovery in 2025. Companies that focus on these key areas will be well-positioned to take advantage of future economic growth.

For more detailed data, SECO