WS #10088
Swiss government cut 2026 GDP growth forecast to 0.9% (from 1.0%) and 2027 to 1.6% (from 1.7%), citing Middle East crisis driving up energy prices and uncertainty. New Fed Chair Warsh kept rates on hold but indicated a more hawkish path, with 9 of 18 officials projecting rates above current range; yield curve flattened sharply, spooking stocks and bonds.
Swiss Government Cuts GDP Forecasts
Swiss government cut 2026 GDP growth forecast to 0.9% (from 1.0%) and 2027 to 1.6% (from 1.7%), citing Middle East crisis driving up energy prices and uncertainty.
New Fed Chair Warsh kept rates on hold but indicated a more hawkish path, with 9 of 18 officials projecting rates above current range; yield curve flattened sharply, spooking stocks and bonds.