The Swiss government, via Seco, slashed economic growth forecasts due to US tariff impositions, burdening Swiss industry and exporters, as per official updates.
The revised GDP outlook and expected unemployment rise highlight potential shifts in Swiss economic stability, affecting industry competitiveness, without direct crypto market impacts documented.
The Swiss government, through the State Secretariat for Economic Affairs, has revised its economic growth forecasts. The adjustment follows the United States' imposition of 39% tariffs, which exert a "heavy burden" on Swiss exporters.
Swiss GDP projections are now lowered, with a forecast of 1.3% in 2025 and 0.9% in 2026. Actions were taken by the State Secretariat for Economic Affairs, highlighting the economic implications of US trade policies.
Unemployment Predicted to Rise Amid Tariff Pressures
Projected Swiss unemployment rates are set to rise to 2.9% in 2025 and 3.2% in 2026. Industries reliant on US markets face eroded competitiveness owing to the increased tariffs.
Economic pressures from tariffs may affect the crypto market indirectly. Past trade tensions have triggered shifts in revenues, impacting assets such as BTC and ETH. However, no official reports confirm a direct crypto impact from current conditions.
2018 Dispute Highlights Possible Crypto Market Impact
Previous trade actions, like the 2018 Trump tariff dispute with China, also caused volatility in global markets. Although these events mirrored current dynamics, specific ties to crypto market changes are undocumented as per government reports.
Experts suggest macroeconomic pressures historically prompt lower asset risk appetite. This scenario is in line with decreased risk appetite for large-cap cryptocurrencies, including BTC and ETH, given current US-Swiss tariff-induced macro pressures. "Swiss GDP growth forecasts for 2025 have been reduced to 1.3% and further to 0.9% for 2026," notes the Swiss State Secretariat for Economic Affairs.