The State Secretariat for Economic Affairs (Seco) has revised its forecasts for Switzerland’s economic growth slightly downwards due to the war in Iran. + Get the most important news from Switzerland in your inbox Seco forecasts below-average gross domestic product (GDP) growth of 0.9% in 2026, followed by growth of 1.6% in 2027. In March, growth was expected to be 1% and 1.7% respectively. + Iran-US: the stakes of disruption at Hormuz for Switzerland “Oil prices have soared due to the crisis in the Near and Middle East. Consequently, the expert panel is revising its assumption regarding average oil prices in 2026 and 2027 upwards,” states a press release issued on Thursday. This rise in energy prices is expected to lead to high inflation rates and a tightening of monetary policy worldwide, particularly amongst Switzerland’s European trading partners, adds Seco. For 2026 and 2027, the inflation rate is therefore expected to be slightly higher at 0.6%, compared with the forecasts …