MACRO PICTURE
Switzerland’s Economic Outlook and the Bitcoin Referendum Debate
By Nato Balavadze
26 March 2025
In this paper we discuss:
- Swiss latest macroeconomic developments;
- Swiss growth outlook: resilient but facing external headwinds;
- The 2025 outlook for Swiss key industries (including pharma);
- The Swiss National Bank's monetary easing cycle; and
- Switzerland’s Bitcoin referendum and its far-reaching implications.
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