Switzerland's GDP advanced 0.3 percent on quarter in the three months to June 2019, following a downwardly revised 0.4 percent expansion in the previous period and compared to market expectations of a 0.2 percent growth. Government spending slowed while fixed investment contracted, namely construction investment and spending in equipment and software; and net foreign demand contributed negatively to the GDP. Year-on-year, the economy grew by 0.2 percent in the June quarter, the weakest growth since a 0.4 percent contraction in the fourth quarter 2009, after a downwardly revised 1 percent expansion in the previous quarter and missing forecasts of a 0.9 percent advance. GDP Growth Rate in Switzerland averaged 0.44 percent from 1980 until 2019, reaching an all time high of 2.40 percent in the fourth quarter of 1999 and a record low of -1.90 percent in the fourth quarter of 2008.
GDP Growth Rate in Switzerland is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Switzerland to stand at 0.30 in 12 months time. In the long-term, the Switzerland GDP Growth Rate is projected to trend around 0.50 percent in 2020, according to our econometric models.