Bearbull Investment Insight – Flash note – Switzerland 1/3

Switzerland's economic momentum slowed in 2024, with seasonally adjusted GDP growth at +0.9%, down from +1.2% in 2023. This deceleration was primarily due to a negative contribution from foreign trade, which was impacted by a decline in transit trade. Despite this, domestic consumption remained a key driver of growth, demonstrating above-average momentum and resilience. The final quarter of 2024 showed a slight improvement, with GDP growing by +0.5%, hinting at some stabilization.