Gross domestic product in the fourth quarter of 2022: Swiss economy stagnates

Switzerland’s GDP adjusted for sporting events saw no growth in the fourth quarter of 2022 (+0.0%), following a 0.2% increase in the third quarter.1,2 The challenging international environment curbed manufacturing output and also exports. Domestic demand showed robust growth. The global economic slowdown took its toll on manufacturing (−0.3%) in the fourth quarter of 2022. While the less cyclically sensitive chemical and pharmaceutical industry (+1.7%) recorded further growth in value added, the other industrial sectors contracted. This led to lower exports in metals and precision instruments

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