Switzerland's State Secretariat for Economic Affairs (SECO) raised its GDP growth forecast to 1.7% for 2026, up from a 0.9% projection in June, after adjusting for major sporting events. SECO left its forecast for the following year at 1.6%. Stronger-than-expected Q2 output was driven by the volatile pharmaceuticals sector and may overstate underlying momentum. SECO kept its inf forecasts unchanged at 0.6% for both years. Insiders said officials expect to hold the key policy rate unchanged throu

Switzerland's State Secretariat for Economic Affairs (SECO) raised its GDP growth forecast to 1.7% for 2026, up from a 0.9% projection in June, after adjusting for major sporting events. SECO left its forecast for the following year at 1.6%. Stronger-than-expected Q2 output was driven by the volatile pharmaceuticals sector and may overstate underlying momentum. SECO kept its inf forecasts unchanged at 0.6% for both years. Insiders said officials expect to hold the key policy rate unchanged through end-2027.