In the fourth quarter of 2024, Switzerland's GDP adjusted for sporting events grew by 0.5%, following 0.2% in the previous quarter. 2 Growth was driven roughly equally by industry and the services sector. On the expenditure side, both consumption and investment provided a positive impulse. In the industrial sector, growth was particularly focused on the chemical and pharmaceutical industry (+2.7%), which grew robustly in the 4th quarter and contributed significantly to the marked increase in exports3 (+4.2%). In the other industrial sectors, value added essentially stagnated, which slowed down growth in wholesale and ... (full story)