Swiss economy grew by 1.4 percent in the fourth quarter, following a 2.4 growth in the previous quarter and less than forecasts of a 1.7 percent advance. It was the weakest annual growth rate since the June quarter of 2017. Considering full 2018, the economy grew by 2.5 percent, compared with 1.0 percent in 2017. Growth in the first half of 2018, in particular, was significantly above average. Meanwhile, in the second half, the economy weakened noticeably both domestically and globally. GDP Annual Growth Rate in Switzerland averaged 1.77 percent from 1981 until 2018, reaching an all time high of 5.80 percent in the first quarter of 1990 and a record low of -3.70 percent in the second quarter of 2009.
GDP Annual Growth Rate in Switzerland is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Switzerland to stand at 1.30 in 12 months time. In the long-term, the Switzerland GDP Annual Growth Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.