--- title: "Swiss Economy Swings to Growth" type: "News" locale: "en" url: "https://longbridge.com/en/news/276048947.md" description: "Switzerland's economy grew by 0.2% in Q4 2025, recovering from a 0.5% contraction in Q3. Overall, GDP increased by 1.4% for the year, slightly below the Swiss National Bank's forecast of 1.5%. The services sector outperformed, while exports were impacted by U.S. tariffs. Looking ahead, a small rebound in exports is expected in Q1 2026. The SNB may consider lowering interest rates, currently at 0%, to support the economy amid challenges from a strong Swiss franc and international trade tensions." datetime: "2026-02-16T10:06:36.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276048947.md) - [en](https://longbridge.com/en/news/276048947.md) - [zh-HK](https://longbridge.com/zh-HK/news/276048947.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/276048947.md) | [繁體中文](https://longbridge.com/zh-HK/news/276048947.md) # Swiss Economy Swings to Growth By Ed Frankl Switzerland's economy rebounded in the final quarter of 2025, shrugging off some of the U.S. tariff-related impact that hit activity earlier in the year. Gross domestic product expanded 0.2% in the three months through December, bouncing back from the 0.5% contraction in the third quarter of the year, Switzerland's statistics office said Monday. The economy grew 1.4% over the whole of 2025, faster than the 1.2% of 2024, but below the Alpine nation's average growth, it said. "The challenging international environment slowed the export-oriented industry. By contrast, the services sector grew at an above-average rate by historical standards," the statistics office noted. Switzerland's export-oriented economy, which is home to luxury watchmakers and pharmaceutical companies, was hit hard by U.S. tariffs. The Trump administration agreed to a 15% duties on Swiss goods imports since mid-November, down from the 39% it raised in July. There remain tariff exemptions on certain exports such as pharmaceuticals, certain chemicals, gold and coffee. "Looking ahead, we expect a small rebound in exports in the first quarter as firms increase shipments to the U.S. in response to the tariff deal," Capital Economics economist Adrian Prettejohn said in a note to clients. The 1.4% growth in 2025 is a little lower than the Swiss National Bank's forecast of 1.5% it made in December. For 2026, the SNB expects growth to slow to around 1%. Alongside tariffs, companies in Switzerland have also struggled due to the appreciation of the Swiss franc, as investors flowed into the safe-haven currency amid last year's geopolitical tensions. A higher franc against other currencies makes Swiss products more expensive abroad. The SNB hasn't ruled out cutting its main interest rate into negative territory from 0% currently, though its policymakers have said they want to avoid doing so due to its impact on savers. Final growth data with details on industrial production and household consumption is due on Feb. 27. Write to Ed Frankl at edward.frankl@wsj.com (END) Dow Jones Newswires February 16, 2026 04:59 ET (09:59 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. ### Related Stocks - [Invesco CurrencyShares® Swiss Franc (FXF.US)](https://longbridge.com/en/quote/FXF.US.md) - [iShares MSCI Switzerland ETF (EWL.US)](https://longbridge.com/en/quote/EWL.US.md) ## Related News & Research - [Switzerland analysing implications of U.S. trade probe, government says](https://longbridge.com/en/news/278849944.md) - [SNB expected to keep key policy rate at 0% through the year - poll](https://longbridge.com/en/news/279245059.md) - [POLL-SNB to hold rates at zero through 2026, lean on FX intervention to curb Swiss franc strength](https://longbridge.com/en/news/279242200.md) - [Việt Nam, Switzerland push to accelerate Việt Nam – EFTA FTA talks](https://longbridge.com/en/news/279293820.md) - [How the Hormuz blockade, Iran strikes are reshaping Middle East economics](https://longbridge.com/en/news/279234565.md)