Switzerland's economy is projected to grow less than previously projected as some negative effects from escalating trade wars are anticipated, the State Secretariat for Economic Affairs, or SECO, said Tuesday. Gross domestic product will grow 1.4 percent this year, followed by 1.6 percent expansion in 2026, the Spring Forecast showed. This would mean the economy would continue to grow below its historical average for another two years, the SECO said. Previously, the economy was projected to expand 1.5 percent this year and 1.7 percent in 2026. The expert group of SECO said the rest of Europe will gradually recover from the current economic downturn in 2026. This will underpin Swiss exports and investment next year.

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