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UBS Cuts Swiss Growth Forecast Amid Concerns Over Trump Tariffs
ByAinvest
Friday, Aug 29, 2025 7:12 am ET1min read
UBS Group AG has cut its growth forecast for Switzerland in 2026 to 0.9% due to concerns over the impact of US President Donald Trump's 39% tariff. The economists expect a sustained impact on the economy and a slowdown in growth, unemployment, and wage growth. They predict consumption will remain the mainstay of the economy, but warn of increased risks for next year.
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