Consequently,
Housing market still under tension:
The economic economic situation in Switzerland will be slightly lower in 2025 than what was planned by economists surveyed by the Zurich Côting Conditional Research Center (KOF) in March. Therefore, which has revised their estimates downwards.
Experts are now counting on an increase in gross domestic product (GDP) of 1.1%, compared to 1.2% previously, withdrawal inflation and a barely higher unemployment rate.
For 2026, the fifteen experts surveyed by researchers at the Center for the Federal Polytechnic School of Zurich (EPFZ) anticipate a 1.6% GDP increase, against 1.8% in March, a return to their forecast last December, wrote KOF on Monday. Therefore, In the longer term, in five years, Swiss production should grow by 1.6%, compared to 1.7% expected three months ago.
Corrected sporting events, GDP should grow 1.3% this year (+1.4% in March) and the next (+1.6%). Moreover, By 2030, growth housing market still under tension of 1.5% is now anticipated, compared to 1.6% three months ago.
In the detail of production components, real capital investments should increase by 1.3% this year, a level identical to that provided for during the previous survey. Meanwhile, The increase should increase to 1.6% next year, clearly drops to the 2% expected in March. The growth in actual spending on equipment for the current year is expected to be reduced to 0.8%, compared to 1.0 in March, while that of real investments in construction is revised upwards to 2.2%, against 2.0%until then.
For 2026, the expenses in construction should expand by 1.7%, a level identical to that planned in March, investments in capital goods, which should only increase by 1.6%, against 2.1%expected three months ago.
Actual exports are now expected to increase this year, 3.5%, compared to only 2.3% in March. Their expansion should however be complied with 2.8% in housing market still under tension 2026, against an increase expected at 3.1% previously.
New settlement of increases – Housing market still under tension
On the inflation side, reflux should accelerate it, the increase being expected at 0.2% this year, against a forecast of 0.5% three months ago. A slight rebound is still expected for next year, but at 0.6%, compared to 0.8% until then. The forecast for the next five years remains unchanged at 1.0%.
Participants also expect a slight deterioration on the job market, the unemployment rate now having to register at 2.9% in 2025, against a rate of 2.8% scheduled for March. It should climb to 3% in 2026 (2.8% hitherto).
Short -term interest rates in the coming months should drop, they say. While the survey ended before the monetary policy decision. the Swiss National Bank (SNB), they count on a short -term interest rate (Saron) at -0.11% in three months and -0.09% in twelve months. The fact remains housing market still under tension that economists wonder if the key rate of the Swiss central bank will remain at 0%. if it has to fall into negative territory, the trend being however at a zero level.
In the opinion of the experts interviewed. the franc should remain stable compared to the euro and appreciate slightly compared to the dollar for the next twelve months.
This article was published automatically. Sources: ATS / AWP
Further reading: Switzerland is no longer a tactical refuge – Trial in Neuchâtel: The mother was burned long – Sex education: two elected officials want to remove the exemptions – Swiss-EU: bilateral, transitional regime: joint declaration signed Tuesday – The Swiss economy will be a little lower than expected in 2025.
