Swiss government slashes growth outlook as Trump tariffs put 'heavy burden' on economy

Untere Schleuse wooden bridge in Thun, Switzerland.Education Images | Universal Images Group | Getty ImagesSwitzerland's government on Thursday cut its 2026 economic forecast for the country, citing the Trump administration's punitive tariffs as a "heavy burden" on its industries.Officials held their forecast for the Swiss economy to expand by 1.3% this year, but noted that this level of economic growth was "significantly below-average" for the country. For next year, they are now forecasting gross domestic ...