Coronavirus shrinking the economy
Bern, 19.3.2020 - Economic forecast by the Federal Government’s Expert Group – spring 2020 - The Expert Group expects Switzerland to plunge into recession in 2020. The spread of the new coronavirus in Switzerland and abroad is temporarily bringing parts of the economy to a standstill. Provided that the coronavirus situation stabilises, the economy should gradually recover from the second half of the year onwards. This would lead to high GDP growth in 2021, which, however, would still not allow the previously anticipated GDP level to be reached. Forecasting uncertainty is currently extraordinarily high.