In the second quarter of 2025, Switzerland's GDP adjusted for sporting events increased by 0.1%, following growth of 0.7% in the first quarter.1,2 After the above-average growth seen in the previous quarter, the anticipated correction has now occurred. Industrial value added and exports declined sharply, whereas the services sector delivered broadbased growth. An updated economic scenario from SECO shows that, as a result of higher US import tariffs, the Swiss economy is likely to grow more slowly than previously expected, particularly in 2026. In the second quarter, the chemical and pharmaceutical industry ... (full story)