Schweizer Wirtschaft: Wachstum schw\u00e4cher als erwartet - 20 Minuten<\/title><meta name=\"title\" content=\"Schweizer Wirtschaft: Wachstum schw\u00e4cher als erwartet\"\/><meta name=\"description\" content=\"Bak Economics passt seine Prognosen f\u00fcr das Schweizer BIP-Wachstum 2025 auf 1,2 % an, zuvor waren 1,4 % erwartet worden. Grund daf\u00fcr sind die Z\u00f6lle von US-Pr\u00e4sident Donald Trump und die dadurch entstandene Unsicherheit.\"\/><meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-video-preview:-1, max-image-preview:large\"\/><link rel=\"canonical\" href=\"https:\/\/www.20min.ch\/story\/prognose-gesenkt-schweizer-wirtschaft-soll-wegen-us-zoellen-weniger-stark-wachsen-103299313\"\/><meta property=\"article:published_time\" content=\"2025-03-11T11:19:23.357Z\"\/><script type=\"application\/ld+json\">{\"@context\":\"http:\/\/schema.org\",\"@type\":\"BreadcrumbList\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"item\":{\"@id\":\"https:\/\/www.20min.ch\/\",\"name\":\"Front\"}},{\"@type\":\"ListItem\",\"position\":2,\"item\":{\"@id\":\"https:\/\/www.20min.ch\/wirtschaft\",\"name\":\"Wirtschaft\"}},{\"@type\":\"ListItem\",\"position\":3,\"item\":{\"@id\":\"https:\/\/www.20min.ch\/story\/prognose-gesenkt-schweizer-wirtschaft-soll-wegen-us-zoellen-weniger-stark-wachsen-103299313\",\"name\":\"Schweizer Wirtschaft: Wachstum schw\u00e4cher als erwartet\"}}]}<\/script><meta property=\"og:type\" content=\"article\"\/><meta property=\"og:description\" content=\"Bak Economics rechnet mit nur 1,2 % Wachstum 2025. Konsum bleibt stabil, Exporte schw\u00e4cheln.\"\/><meta property=\"og:url\" content=\"https:\/\/www.20min.ch\/story\/prognose-gesenkt-schweizer-wirtschaft-soll-wegen-us-zoellen-weniger-stark-wachsen-103299313\"\/><meta property=\"og:title\" content=\"Z\u00f6lle und Unsicherheit bremsen Schweizer Wirtschaft\"\/><meta property=\"og:locale\" content=\"de_DE\"\/><meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/20min\"\/><meta property=\"og:site_name\" content=\"20 Minuten\"\/><meta property=\"og:image\" content=\"https:\/\/media.20min.ch\/6\/image\/2023\/12\/22\/908db514-2c71-4ff3-b283-e2683051e791.png?auto=format%2Ccompress%2Cenhance&fit=crop&w=1200&h=675&rect=0%2C0%2C1422%2C940&fp-x=0.5&fp-y=0.5&crop=focalpoint&s=482826363d83127c5a370d5d7f5904f1\"\/><meta property=\"og:image:width\" content=\"1200\"\/><meta property=\"og:image:height\" content=\"675\"\/><meta name=\"twitter:card\" content=\"summary_large_image\"\/><meta name=\"twitter:site\" content=\"@20min\"\/><meta name=\"twitter:title\" content=\"Schweizer Wirtschaft: Unsicherheit d\u00e4mpft Wachstum\"\/><meta name=\"twitter:description\" content=\"Bak Economics korrigiert Wachstumsprognosen nach unten. Z\u00f6lle und globale Unsicherheit sind die Hauptgr\u00fcnde.\"\/><meta property=\"twitter:image:src\" content=\"https:\/\/media.20min.ch\/6\/image\/2023\/12\/22\/908db514-2c71-4ff3-b283-e2683051e791.png?auto=format%2Ccompress%2Cenhance&fit=crop&w=1200&h=675&rect=0%2C0%2C1422%2C940&fp-x=0.5&fp-y=0.5&crop=focalpoint&s=482826363d83127c5a370d5d7f5904f1\"\/><script type=\"application\/ld+json\">{\"@context\":\"http:\/\/schema.org\",\"@type\":\"NewsArticle\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.20min.ch\/story\/prognose-gesenkt-schweizer-wirtschaft-soll-wegen-us-zoellen-weniger-stark-wachsen-103299313\"},\"publisher\":{\"@type\":\"NewsMediaOrganization\",\"name\":\"20 Minuten\",\"url\":\"https:\/\/www.20min.ch\",\"email\":\"redaktion@20minuten.ch\",\"telephone\":\"+41(0)442486820\",\"sameAs\":[\"https:\/\/www.facebook.com\/20min\",\"https:\/\/twitter.com\/20min\",\"https:\/\/www.instagram.com\/20min.ch\",\"https:\/\/de.wikipedia.org\/wiki\/20_Minuten\"],\"ownershipFundingInfo\":\"https:\/\/www.20min.ch\/impressum\",\"logo\":{\"@type\":\"ImageObject\",\"url\":\"https:\/\/www.20min.ch\/icons\/20min_de.png\",\"width\":144,\"height\":192}},\"headline\":\"Schweizer Wirtschaft: Wachstum schw\u00e4cher als erwartet\",\"alternativeHeadline\":\"Prognose gesenkt: Schweizer Wirtschaft soll wegen US-Z\u00f6llen weniger stark wachsen\",\"description\":\"Bak Economics passt seine Prognosen f\u00fcr das Schweizer BIP-Wachstum 2025 auf 1,2 % an, zuvor waren 1,4 % erwartet worden. Grund daf\u00fcr sind die Z\u00f6lle von US-Pr\u00e4sident Donald Trump und die dadurch entstandene Unsicherheit.\",\"articleBody\":\"Wie stark wird die Schweizer Wirtschaft 2025 wachsen? Diese Frage besch\u00e4ftigt Schweizer \u00d6konominnen und \u00d6konomen gerade besonders stark, da US-Pr\u00e4sident Donald Trump weltweit viel Unsicherheit bringt . Nun hat Bak Economics die\u00a0 Wachstumsprognosen f\u00fcr die Schweizer Wirtschaft nach unten gesenkt: F\u00fcr 2025 erwarten die \u00d6konomen ein Wachstum des realen Bruttoinlandprodukts (BIP) von 1,2 Prozent statt der zuvor prognostizierten 1,4 Prozent. Auch f\u00fcr 2026 rechnet Bak Economics mit einem tieferen Wachstum von 1,2 Prozent statt wie bisher 1,5 Prozent. US-Z\u00f6lle verringern Investitionen in der Schweiz Das Wachstum des globalen Handelsvolumens werde aufgrund der Unsicherheit und Z\u00f6lle \u2013 darunter 25 Prozent auf Importe aus Kanada und Mexiko, 30 Prozent auf China sowie zehn Prozent auf die EU, Japan und S\u00fcdkorea \u2013 wohl um mehr als ein Drittel geringer ausfallen. Diese Abschw\u00e4chung des Welthandels und die gestiegene Unsicherheit d\u00e4mpften auch die Investitionen in der Schweiz. Das bisher robuste Konsumwachstum verliere ebenfalls leicht an Dynamik. Trumps Zickzack-Kurs verunsichert die M\u00e4rkte F\u00fcr zus\u00e4tzliche Unsicherheit sorgt, dass Trump die Z\u00f6lle oft schnell \u00e4ndert, anhebt oder gar wieder fallen l\u00e4sst. \u00abUnternehmen halten sich in einem solchen Umfeld mit weiterreichenden Entscheidungen m\u00f6glichst zur\u00fcck \u2013 ein wesentliches Hindernis f\u00fcr Investitionen\u00bb, schreibt Bak Economics. Das Unternehmen geht nun davon aus, dass die globale Investitionst\u00e4tigkeit abnimmt. Eine rasche Erholung zeichne sich nicht ab. Weniger Exporte f\u00fchren zu weniger Wachstum Die Schweizer Warenexporte d\u00fcrften dieses Jahr nur noch um 2,8 Prozent zulegen, so Bak Economics, bis jetzt lag die Prognose bei 3,7 Prozent. Auch die Investitionst\u00e4tigkeit in Maschinen und Anlagen falle schlechter aus. Bak Economics erwartete in diesem Bereich bislang ein Wachstum von 1,2 Prozent, geht aber nun von einem Minus um 0,1 Prozent f\u00fcr 2025 und einer leichten Erholung mit einem Plus von 0,7 Prozent im Jahr 2026 aus. Schweizer Konsum verhindert gr\u00f6sseren Absturz Im Gegensatz zur Exportindustrie sei die Binnenwirtschaft robust \u2013 insbesondere der Konsum und die Bauinvestitionen. Haupttreiber seien das starke Bev\u00f6lkerungswachstum durch eine rege Zuwanderung sowie die stabile Entwicklung bei Inflation, Zinsen und Wechselkursen. \u00abDiese Faktoren erhalten die Kaufkraft und erm\u00f6glichen Haushalten eine hohe Planbarkeit sowohl bei Konsumausgaben als auch beim Immobilienerwerb\u00bb, so Bak Economics. Steigen soll daf\u00fcr die Arbeitslosenquote, auf durchschnittlich 2,9 Prozent im Jahr 2025 und drei Prozent im Jahr 2026. 2024 lag der Jahresdurchschnitt bei 2,4 Prozent.\",\"image\":[],\"datePublished\":\"2025-03-11T12:19:23+01:00\",\"dateModified\":\"2025-03-11T12:19:23+01:00\",\"author\":[{\"@type\":\"Person\",\"name\":\"Marcel Urech\"}],\"video\":[],\"keywords\":\"\",\"hasPart\":[{\"@type\":\"Collection\",\"image\":[{\"@type\":\"ImageObject\",\"ContentUrl\":\"https:\/\/media.20min.ch\/6\/image\/2023\/12\/22\/908db514-2c71-4ff3-b283-e2683051e791.png?auto=format%2Ccompress%2Cenhance&fit=max&w=1200&h=1200&rect=0%2C0%2C1422%2C940&fp-x=0.5&fp-y=0.5&s=cd58cf1a5eda35c914b83e91676b992f\",\"caption\":\"Stabile Konsumausgaben halten die Schweizer Binnenwirtschaft \u00fcber Wasser.\",\"creditText\":\"Reuters\"},{\"@type\":\"ImageObject\",\"ContentUrl\":\"https:\/\/media.20min.ch\/6\/image\/2023\/12\/22\/85473823-75da-47ba-bbcf-747b5b6df008.jpeg?auto=format%2Ccompress%2Cenhance&fit=max&w=1200&h=1200&rect=0%2C0%2C2048%2C1365&fp-x=0.5&fp-y=0.5003663003663004&s=aa9440e6076413d30a70b266028b6901\",\"caption\":\"Ein Treiber daf\u00fcr ist das starke Bev\u00f6lkerungswachstum durch eine rege Zuwanderung sowie die stabile Entwicklung bei Inflation, Zinsen und Wechselkursen.\",\"creditText\":\"LAB\"},{\"@type\":\"ImageObject\",\"ContentUrl\":\"https:\/\/media.20min.ch\/6\/image\/2023\/12\/22\/f1954d9f-740a-4343-b62f-f79552846ceb.png?auto=format%2Ccompress%2Cenhance&fit=max&w=1200&h=1200&rect=0%2C0%2C1411%2C938&fp-x=0.518781006378455&fp-y=0.7622601279317697&s=c30dc81037d814f42856ff53ebf80a50\",\"caption\":\"\u00abDiese Faktoren erhalten die Kaufkraft und erm\u00f6glichen Haushalten eine hohe Planbarkeit sowohl bei Konsumausgaben als auch beim Immobilienerwerb\u00bb, schreibt Bak Economics.\",\"creditText\":\"IMAGO\/J\u00fcrgen Held\"}]}],\"articleSection\":\"Wirtschaft\"}<\/script><meta name=\"next-head-count\" content=\"26\"\/><link rel=\"preconnect\" href=\"https:\/\/api.20min.ch\"\/><link rel=\"dns-prefetch\" href=\"https:\/\/api.20min.ch\"\/><link rel=\"preconnect\" href=\"https:\/\/cdn.cookielaw.org\"\/><link rel=\"dns-prefetch\" href=\"https:\/\/cdn.cookielaw.org\"\/><link rel=\"preconnect\" href=\"https:\/\/ats.20min.ch\"\/><link rel=\"dns-prefetch\" href=\"https:\/\/ats.20min.ch\"\/><link rel=\"dns-prefetch\" href=\"https:\/\/beagle.prod.tda.link\"\/><link rel=\"dns-prefetch\" href=\"https:\/\/fundingchoicesmessages.google.com\"\/><script type=\"text\/javascript\">window.dataLayer = window.dataLayer || []; window.TATM = window.TATM || []; window.beagleQueue = window.beagleQueue || [];<\/script><script src=\"https:\/\/cdn.cookielaw.org\/scripttemplates\/otSDKStub.js\" data-domain-script=\"f1aeb90f-3d11-4baf-b163-9b7fc7e715cd\" 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class=\"sc-6821256f-0 bXwfqn sc-3584b39c-0 hDUYcV sc-c5c57201-0 eiBLnd sc-c5c57201-1 jipLa-d\"><div id=\"\/23178153471\/de-20minuten.ch\/inside-sticky\/wirtschaft\" data-ad-unit-id=\"\/23178153471\/de-20minuten.ch\/inside-sticky\/wirtschaft\" style=\"justify-content:center;align-items:center;text-align:center;display:flex;height:100%;background-color:transparent\"><\/div><\/aside><\/div><\/nav><\/div><div id=\"\/23178153471\/de-20minuten.ch\/outside-welcome\/wirtschaft\" data-ad-unit-id=\"\/23178153471\/de-20minuten.ch\/outside-welcome\/wirtschaft\" style=\"justify-content:center;align-items:center;text-align:center;display:flex;height:100%;background-color:transparent\"><\/div><div class=\"layout_layout__yR_n_ layout_contentType__8IYJ_\"><div class=\"layout_content__6MprE\"><section class=\"sc-46060ef-0 WIfmU sc-91f9da13-0 jFqVIG\"><div class=\"sc-46060ef-1 pIKlK\"><a href=\"\/\" class=\"sc-46060ef-2 sc-46060ef-4 gJkAGz eeHRbX\">Front<\/a><span class=\"sc-46060ef-5 iIeaQS\">|<\/span><a href=\"\/wirtschaft\" class=\"sc-46060ef-2 sc-46060ef-4 gJkAGz eeHRbX\">Wirtschaft<\/a><span class=\"sc-46060ef-5 iIeaQS\">|<\/span><\/div><h1 class=\"sc-46060ef-3 sc-46060ef-6 csIspw egCqAn\">Schweizer Wirtschaft: Wachstum schw\u00e4cher als erwartet<\/h1><\/section><div class=\"ContentPage_contentPage__YqKjN\"><div class=\"ContentPage_insideFullTopPlaceholder__g16GO\"><div id=\"\/23178153471\/de-20minuten.ch\/inside-full-top\/wirtschaft\" data-ad-unit-id=\"\/23178153471\/de-20minuten.ch\/inside-full-top\/wirtschaft\" style=\"justify-content:center;align-items:center;text-align:center;display:flex;height:100%;background-color:transparent\"><\/div><\/div><div class=\"ContentPage_outsideRight__P0Uvf\"><\/div><article class=\"Article_article__sV3bX Article_siteAreaNews__Frmfx\"><header class=\"Article_header__ckSlm\"><div class=\"Article_elementPublishdate__qcso_\"><div class=\"sc-d721210-0 glCzFI\"><span>Publiziert<\/span><time dateTime=\"2025-03-11T12:19:23+01:00\" class=\"sc-d721210-1 ldCIcW\">11. M\u00e4rz 2025, 12:19<\/time><\/div><\/div><div class=\"Article_elementTitle__9QPjy\"><h2><span>Prognose gesenkt<span class=\"visually-hidden\" aria-hidden=\"true\" role=\"presentation\">: <\/span><\/span>Schweizer Wirtschaft soll wegen US-Z\u00f6llen weniger stark wachsen<\/h2><\/div><div class=\"Article_elementLead__N3pGr\"><p>Bak Economics hat seine Wachstumsprognosen f\u00fcr die Schweizer Wirtschaft nach unten gesenkt. Grund daf\u00fcr sind Z\u00f6lle und die hohe Unsicherheit.<\/p><\/div><div class=\"Article_elementAuthors__LsHcz\"><section class=\"sc-a49778d8-1 kNmdAC\"><div class=\"sc-a49778d8-0 cVViTd\"><div class=\"sc-3d7987c8-2 kbwEQu\"><div class=\"sc-b1f21c84-0 erNuh\"><a href=\"\/autoren\/84165759\/marcel-urech\" class=\"sc-b1f21c84-2 egfiIF\"><img alt=\"Marcel Urech\" src=\"https:\/\/media.20min.ch\/6\/image\/2024\/03\/10\/9d0551e3-5ad2-4eb2-81e2-1d3a72dd3a17.jpeg?auto=format%2Ccompress%2Cenhance&fit=crop&w=400&h=400&rect=0%2C0%2C404%2C404&crop=faces&s=dd090a2f49cd39277d8656438c5a6b83\" class=\"sc-b1f21c84-1 iTOvpR\"\/><\/a><\/div><div class=\"sc-3d7987c8-0 cWecBK\"><dt class=\"sc-3d7987c8-3 dvBbZq\">von<\/dt><div class=\"sc-3d7987c8-5 hogmkW\"><a href=\"\/autoren\/84165759\/marcel-urech\" class=\"sc-3d7987c8-8 fCLjyQ\"><dd class=\"sc-3d7987c8-4 kvzacp\">Marcel Urech<\/dd><\/a><\/div><\/div><\/div><\/div><\/section><\/div><\/header><section class=\"Article_body__60Liu\"><div class=\"Article_elementSlideshow__fbaGO\"><\/div><div class=\"Article_element__Tq_1s\"><div type=\"typeInfoboxSummary\" class=\"sc-92253cc8-0 kGbdVO undefined Default\" data-testid=\"InfoBox\"><div class=\"sc-92253cc8-1 sc-92253cc8-2 bGBSLI duFusH\"><h3>Schweizer Wirtschaft: Darum gehts<\/h3><div class=\"sc-92253cc8-3 hknAoe\"><svg width=\"1em\" height=\"1em\" class=\"sc-b8528708-0 fFsCws\"><use href=\"\/_next\/static\/media\/sprite.d5961885.svg#boomerang\"><\/use><\/svg><\/div><\/div><div class=\"sc-92253cc8-1 sc-92253cc8-4 bGBSLI lcCaqX elementList\"><ul><li><p>Z\u00f6lle und Unsicherheiten unter US-Pr\u00e4sident Donald Trump belasten den globalen Handel und Investitionen.<\/p><\/li><li><p>Die Schweizer Wirtschaft soll dieses Jahr weniger stark wachsen als erwartet, sagt Bak Economics.<\/p><\/li><li><p>Die Arbeitslosenquote k\u00f6nnte bis 2026 auf drei Prozent ansteigen.<\/p><\/li><\/ul><\/div><\/div><\/div><div class=\"Article_elementTextblockarray__WNyan\"><p>Wie stark wird die <a href=\"\/story\/ki-readiness-chefs-fehlt-der-mut-wird-schweizer-wirtschaft-bei-ki-abgehaengt-103234356\">Schweizer Wirtschaft<\/a> 2025 wachsen? Diese Frage besch\u00e4ftigt Schweizer \u00d6konominnen und \u00d6konomen gerade besonders stark, da US-Pr\u00e4sident Donald Trump <a href=\"\/story\/schock-an-den-us-boersen-so-kam-es-zum-boersen-crash-103299172\">weltweit viel Unsicherheit bringt<\/a>.<\/p><\/div><div class=\"Article_elementAd__7Cafs\"><\/div><div class=\"Article_elementTextblockarray__WNyan\"><p>Nun hat Bak Economics die\u00a0<strong><\/strong>Wachstumsprognosen f\u00fcr die Schweizer Wirtschaft nach unten gesenkt: F\u00fcr 2025 erwarten die \u00d6konomen ein Wachstum des realen Bruttoinlandprodukts (BIP) von 1,2 Prozent statt der zuvor prognostizierten 1,4 Prozent. Auch f\u00fcr 2026 rechnet Bak Economics mit einem tieferen Wachstum von 1,2 Prozent statt wie bisher 1,5 Prozent.<\/p><\/div><div class=\"Article_elementCrosshead__b9pyw\"><h2 class=\"crosshead_crosshead__MxhCQ crosshead_siteAreaNews__x10eM crosshead_typeStandard__szEKi\" data-testid=\"Crosshead\">US-Z\u00f6lle verringern Investitionen in der Schweiz<\/h2><\/div><div class=\"Article_elementTextblockarray__WNyan\"><p>Das Wachstum des globalen Handelsvolumens werde aufgrund der Unsicherheit und Z\u00f6lle \u2013 darunter 25 Prozent auf Importe aus Kanada und Mexiko, 30 Prozent auf China sowie zehn Prozent auf die EU, Japan und S\u00fcdkorea \u2013 wohl um mehr als ein Drittel geringer ausfallen.<\/p><\/div><div class=\"Article_elementPoll__0I_DP\"><div class=\"sc-c7badfe-0 ldhbtc\"><div class=\"sc-c7badfe-1 sc-c7badfe-2 jyrFy drGMUq\"><p>Sorgst du dich um die Schweizer Wirtschaft?<\/p><\/div><div class=\"sc-c7badfe-1 sc-c7badfe-3 jyrFy gwdeAf\"><label><input name=\"103299313\" type=\"radio\" class=\"sc-c7badfe-4 jQczuo\"\/><span class=\"sc-c7badfe-9 bwIsay\"><span>Ja, dass sich die Schweizer Wirtschaft 2025 abk\u00fchlt, habe ich so erwartet.<\/span><span class=\"sc-c7badfe-7 cqemkj\"><\/span><\/span><\/label><label><input name=\"103299313\" type=\"radio\" class=\"sc-c7badfe-4 jQczuo\"\/><span class=\"sc-c7badfe-9 bwIsay\"><span>Ja, sie wird sich dieses Jahr schlechter entwickeln, als ich erwartet hatte.<\/span><span class=\"sc-c7badfe-7 cqemkj\"><\/span><\/span><\/label><label><input name=\"103299313\" type=\"radio\" class=\"sc-c7badfe-4 jQczuo\"\/><span class=\"sc-c7badfe-9 bwIsay\"><span>Geht so, mal abwarten, Ende Jahr wissen wir mehr.<\/span><span class=\"sc-c7badfe-7 cqemkj\"><\/span><\/span><\/label><label><input name=\"103299313\" type=\"radio\" class=\"sc-c7badfe-4 jQczuo\"\/><span class=\"sc-c7badfe-9 bwIsay\"><span>Nein, die Schweizer Wirtschaft wird sich resistent zeigen.<\/span><span class=\"sc-c7badfe-7 cqemkj\"><\/span><\/span><\/label><label><input name=\"103299313\" type=\"radio\" class=\"sc-c7badfe-4 jQczuo\"\/><span class=\"sc-c7badfe-9 bwIsay\"><span>Zeig mir nur das Resultat der Umfrage.<\/span><span class=\"sc-c7badfe-7 cqemkj\"><\/span><\/span><\/label><\/div><div class=\"sc-c7badfe-1 sc-c7badfe-5 jyrFy GTpCD\"><\/div><\/div><\/div><div class=\"Article_elementTextblockarray__WNyan\"><p>Diese <a href=\"\/story\/usa-trump-kuendigt-massive-zoelle-fuer-mexiko-und-kanada-ab-dienstag-an-103294344\">Abschw\u00e4chung des Welthandels<\/a> und die gestiegene Unsicherheit d\u00e4mpften auch die Investitionen in der Schweiz. Das bisher robuste Konsumwachstum verliere ebenfalls leicht an Dynamik.<\/p><\/div><div class=\"Article_elementCrosshead__b9pyw\"><h2 class=\"crosshead_crosshead__MxhCQ crosshead_siteAreaNews__x10eM crosshead_typeStandard__szEKi\" data-testid=\"Crosshead\">Trumps Zickzack-Kurs verunsichert die M\u00e4rkte<\/h2><\/div><div class=\"Article_elementTextblockarray__WNyan\"><p>F\u00fcr zus\u00e4tzliche Unsicherheit sorgt, dass Trump die Z\u00f6lle oft schnell \u00e4ndert, anhebt oder gar wieder fallen l\u00e4sst. \u00abUnternehmen halten sich in einem solchen Umfeld mit weiterreichenden Entscheidungen m\u00f6glichst zur\u00fcck \u2013 ein wesentliches Hindernis f\u00fcr Investitionen\u00bb, schreibt Bak Economics. Das Unternehmen geht nun davon aus, dass die globale Investitionst\u00e4tigkeit abnimmt. Eine rasche Erholung zeichne sich nicht ab.<\/p><\/div><div class=\"Article_elementCrosshead__b9pyw\"><h2 class=\"crosshead_crosshead__MxhCQ crosshead_siteAreaNews__x10eM crosshead_typeStandard__szEKi\" data-testid=\"Crosshead\">Weniger Exporte f\u00fchren zu weniger Wachstum<\/h2><\/div><div class=\"Article_elementTextblockarray__WNyan\"><p>Die Schweizer Warenexporte d\u00fcrften dieses Jahr nur noch um 2,8 Prozent zulegen, so Bak Economics, bis jetzt lag die Prognose bei 3,7 Prozent. Auch die Investitionst\u00e4tigkeit in Maschinen und Anlagen falle schlechter aus. Bak Economics erwartete in diesem Bereich bislang ein Wachstum von 1,2 Prozent, geht aber nun von einem Minus um 0,1 Prozent f\u00fcr 2025 und einer leichten Erholung mit einem Plus von 0,7 Prozent im Jahr 2026 aus.<\/p><\/div><div class=\"Article_elementCrosshead__b9pyw\"><h2 class=\"crosshead_crosshead__MxhCQ crosshead_siteAreaNews__x10eM crosshead_typeStandard__szEKi\" data-testid=\"Crosshead\">Schweizer Konsum verhindert gr\u00f6sseren Absturz<\/h2><\/div><div class=\"Article_elementTextblockarray__WNyan\"><p>Im Gegensatz zur Exportindustrie sei die Binnenwirtschaft robust \u2013 insbesondere der Konsum und die Bauinvestitionen. Haupttreiber seien das starke Bev\u00f6lkerungswachstum durch eine rege Zuwanderung sowie die stabile Entwicklung bei Inflation, Zinsen und Wechselkursen.<\/p><\/div><div class=\"Article_elementImage__A6J72\"><figure class=\"sc-d47814d6-4 YeebQ\"><div class=\"Image_imgContainer__a56Mx\" style=\"padding-bottom:59.523809523809526%\"><img src=\"https:\/\/image.20min.ch\/2025\/03\/11\/1578e73e-2b53-4431-bf87-4f54ee95f162.jpeg?auto=format%2Ccompress%2Cenhance&fit=max&w=1200&h=1200&rect=0%2C0%2C4000%2C2667&s=1dda0f94c6d026bee812bd20566aee78\" alt=\"Die Konsumausgaben der Schweizer zeigen sich trotz hoher Unsicherheit robust.\" title=\"Die Konsumausgaben der Schweizer zeigen sich trotz hoher Unsicherheit robust.\" srcSet=\"https:\/\/image.20min.ch\/2025\/03\/11\/1578e73e-2b53-4431-bf87-4f54ee95f162.jpeg?auto=format%2Ccompress%2Cenhance&fit=max&w=400&h=400&rect=0%2C0%2C4000%2C2667&s=4b13d72ee9762c038687b5e753aafba3 400w, https:\/\/image.20min.ch\/2025\/03\/11\/1578e73e-2b53-4431-bf87-4f54ee95f162.jpeg?auto=format%2Ccompress%2Cenhance&fit=max&w=800&h=800&rect=0%2C0%2C4000%2C2667&s=61f1d96dc5626472e33182e4499d6f77 800w, https:\/\/image.20min.ch\/2025\/03\/11\/1578e73e-2b53-4431-bf87-4f54ee95f162.jpeg?auto=format%2Ccompress%2Cenhance&fit=max&w=1200&h=1200&rect=0%2C0%2C4000%2C2667&s=1dda0f94c6d026bee812bd20566aee78 1200w, https:\/\/image.20min.ch\/2025\/03\/11\/1578e73e-2b53-4431-bf87-4f54ee95f162.jpeg?auto=format%2Ccompress%2Cenhance&fit=max&w=1600&h=1600&rect=0%2C0%2C4000%2C2667&s=44334e95927ef67e62367e7120f29bd2 1600w, https:\/\/image.20min.ch\/2025\/03\/11\/1578e73e-2b53-4431-bf87-4f54ee95f162.jpeg?auto=format%2Ccompress%2Cenhance&fit=max&w=2001&h=2000&rect=0%2C0%2C4000%2C2667&s=b7594538abc8c10017f61cea8d945481 2001w\" width=\"1200\" height=\"800\"\/><div class=\"Image_fallback__F0rLe\" style=\"background-image:url('https:\/\/image.20min.ch\/2025\/03\/11\/1578e73e-2b53-4431-bf87-4f54ee95f162.jpeg?auto=format%2Ccompress%2Cenhance&fit=max&w=800&h=800&rect=0%2C0%2C4000%2C2667&s=61f1d96dc5626472e33182e4499d6f77')\"><\/div><\/div><figcaption class=\"sc-d47814d6-0 gVurjZ\"><span class=\"sc-d47814d6-2 bDLFoO\"><p>Die Konsumausgaben der Schweizer zeigen sich trotz hoher Unsicherheit robust.<\/p><\/span><span class=\"sc-d47814d6-3 bmEwwn\">IMAGO\/Wolfgang Maria Weber<\/span><\/figcaption><\/figure><\/div><div class=\"Article_elementTextblockarray__WNyan\"><p>\u00abDiese Faktoren erhalten die Kaufkraft und erm\u00f6glichen Haushalten eine hohe Planbarkeit sowohl bei Konsumausgaben als auch beim Immobilienerwerb\u00bb, so Bak Economics. Steigen soll daf\u00fcr die Arbeitslosenquote, auf durchschnittlich 2,9 Prozent im Jahr 2025 und drei Prozent im Jahr 2026. 2024 lag der Jahresdurchschnitt bei 2,4 Prozent.<\/p><\/div><div class=\"Article_element__Tq_1s\"><figure class=\"sc-d47814d6-4 YeebQ\"><figcaption class=\"sc-d47814d6-0 gVurjZ\"><\/figcaption><\/figure><\/div><div class=\"Article_element__Tq_1s\"><div type=\"typeInfoboxSummary\" class=\"sc-92253cc8-0 kGbdVO undefined Default\" data-testid=\"InfoBox\"><div class=\"sc-92253cc8-1 sc-92253cc8-2 bGBSLI duFusH\"><h3>Folgst du 20 Minuten Wirtschaft auf Whatsapp?<\/h3><div class=\"sc-92253cc8-3 hknAoe\"><svg width=\"1em\" height=\"1em\" class=\"sc-b8528708-0 fFsCws\"><use href=\"\/_next\/static\/media\/sprite.d5961885.svg#boomerang\"><\/use><\/svg><\/div><\/div><div class=\"sc-92253cc8-1 sc-92253cc8-4 bGBSLI lcCaqX elementTextblockarray\"><p>Hier kriegst du die aktuellsten News aus der Wirtschaftswelt und die heissesten Updates zu Konsumententhemen direkt auf dein 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Diese Frage besch\u00e4ftigt Schweizer \u00d6konominnen und \u00d6konomen gerade besonders stark, da US-Pr\u00e4sident Donald Trump \"},{\"type\":\"internalLink\",\"htmlText\":\"weltweit viel Unsicherheit bringt\",\"metadataID\":103299172,\"url\":\"\/story\/schock-an-den-us-boersen-so-kam-es-zum-boersen-crash-103299172\",\"tenantUrls\":{\"6\":\"\/story\/schock-an-den-us-boersen-so-kam-es-zum-boersen-crash-103299172\"}},{\"type\":\"htmlTextItem\",\"htmlText\":\".\"}]},{\"type\":\"ad\",\"availableFor\":{\"desktop\":true,\"app\":true}},{\"type\":\"textBlockArray\",\"items\":[{\"type\":\"htmlTextItem\",\"htmlText\":\"Nun hat Bak Economics die\u00a0\"},{\"type\":\"htmlTextItem\",\"htmlText\":\"\\u003cstrong\\u003e\\u003c\/strong\\u003e\"},{\"type\":\"htmlTextItem\",\"htmlText\":\"Wachstumsprognosen f\u00fcr die Schweizer Wirtschaft nach unten gesenkt: F\u00fcr 2025 erwarten die \u00d6konomen ein Wachstum des realen Bruttoinlandprodukts (BIP) von 1,2 Prozent statt der zuvor prognostizierten 1,4 Prozent. Auch f\u00fcr 2026 rechnet Bak Economics mit einem tieferen Wachstum von 1,2 Prozent statt wie bisher 1,5 Prozent.\"}]},{\"type\":\"crosshead\",\"htmlText\":\"US-Z\u00f6lle verringern Investitionen in der Schweiz\",\"style\":{}},{\"type\":\"textBlockArray\",\"items\":[{\"type\":\"htmlTextItem\",\"htmlText\":\"Das Wachstum des globalen Handelsvolumens werde aufgrund der Unsicherheit und Z\u00f6lle \u2013 darunter 25 Prozent auf Importe aus Kanada und Mexiko, 30 Prozent auf China sowie zehn Prozent auf die EU, Japan und S\u00fcdkorea \u2013 wohl um mehr als ein Drittel geringer ausfallen.\"}]},{\"type\":\"poll\",\"question\":{\"type\":\"pollItem\",\"id\":\"doc-1im2bps0v11\",\"text\":{\"type\":\"textBlockArray\",\"items\":[{\"type\":\"htmlTextItem\",\"htmlText\":\"Sorgst du dich um die Schweizer Wirtschaft?\"}]}},\"answers\":[{\"type\":\"pollItem\",\"id\":\"doc-1im2bps0v11.doc-1im2dcck20\",\"text\":{\"type\":\"textBlockArray\",\"items\":[{\"type\":\"htmlTextItem\",\"htmlText\":\"Ja, dass sich die Schweizer Wirtschaft 2025 abk\u00fchlt, habe ich so erwartet.\"}]}},{\"type\":\"pollItem\",\"id\":\"doc-1im2bps0v11.doc-1im2bps0v12\",\"text\":{\"type\":\"textBlockArray\",\"items\":[{\"type\":\"htmlTextItem\",\"htmlText\":\"Ja, sie wird sich dieses Jahr schlechter entwickeln, als ich erwartet hatte.\"}]}},{\"type\":\"pollItem\",\"id\":\"doc-1im2bps0v11.doc-1im2bps0v13\",\"text\":{\"type\":\"textBlockArray\",\"items\":[{\"type\":\"htmlTextItem\",\"htmlText\":\"Geht so, mal abwarten, Ende Jahr wissen wir mehr.\"}]}},{\"type\":\"pollItem\",\"id\":\"doc-1im2bps0v11.doc-1im2datja0\",\"text\":{\"type\":\"textBlockArray\",\"items\":[{\"type\":\"htmlTextItem\",\"htmlText\":\"Nein, die Schweizer Wirtschaft wird sich resistent zeigen.\"}]}},{\"type\":\"pollItem\",\"id\":\"doc-1im2bps0v11.doc-1im2dauo20\",\"text\":{\"type\":\"textBlockArray\",\"items\":[{\"type\":\"htmlTextItem\",\"htmlText\":\"Zeig mir nur das Resultat der Umfrage.\"}]}}]},{\"type\":\"textBlockArray\",\"items\":[{\"type\":\"htmlTextItem\",\"htmlText\":\"Diese \"},{\"type\":\"internalLink\",\"htmlText\":\"Abschw\u00e4chung des Welthandels\",\"metadataID\":103294344,\"url\":\"\/story\/usa-trump-kuendigt-massive-zoelle-fuer-mexiko-und-kanada-ab-dienstag-an-103294344\",\"tenantUrls\":{\"6\":\"\/story\/usa-trump-kuendigt-massive-zoelle-fuer-mexiko-und-kanada-ab-dienstag-an-103294344\"}},{\"type\":\"htmlTextItem\",\"htmlText\":\" und die gestiegene Unsicherheit d\u00e4mpften auch die Investitionen in der Schweiz. Das bisher robuste Konsumwachstum verliere ebenfalls leicht an Dynamik.\"}]},{\"type\":\"crosshead\",\"htmlText\":\"Trumps Zickzack-Kurs verunsichert die M\u00e4rkte\",\"style\":{}},{\"type\":\"textBlockArray\",\"items\":[{\"type\":\"htmlTextItem\",\"htmlText\":\"F\u00fcr zus\u00e4tzliche Unsicherheit sorgt, dass Trump die Z\u00f6lle oft schnell \u00e4ndert, anhebt oder gar wieder fallen l\u00e4sst. \u00abUnternehmen halten sich in einem solchen Umfeld mit weiterreichenden Entscheidungen m\u00f6glichst zur\u00fcck \u2013 ein wesentliches Hindernis f\u00fcr Investitionen\u00bb, schreibt Bak Economics. Das Unternehmen geht nun davon aus, dass die globale Investitionst\u00e4tigkeit abnimmt. Eine rasche Erholung zeichne sich nicht ab.\"}]},{\"type\":\"crosshead\",\"htmlText\":\"Weniger Exporte f\u00fchren zu weniger Wachstum\",\"style\":{}},{\"type\":\"textBlockArray\",\"items\":[{\"type\":\"htmlTextItem\",\"htmlText\":\"Die Schweizer Warenexporte d\u00fcrften dieses Jahr nur noch um 2,8 Prozent zulegen, so Bak Economics, bis jetzt lag die Prognose bei 3,7 Prozent. Auch die Investitionst\u00e4tigkeit in Maschinen und Anlagen falle schlechter aus. Bak Economics erwartete in diesem Bereich bislang ein Wachstum von 1,2 Prozent, geht aber nun von einem Minus um 0,1 Prozent f\u00fcr 2025 und einer leichten Erholung mit einem Plus von 0,7 Prozent im Jahr 2026 aus.\"}]},{\"type\":\"crosshead\",\"htmlText\":\"Schweizer Konsum verhindert gr\u00f6sseren Absturz\",\"style\":{}},{\"type\":\"textBlockArray\",\"items\":[{\"type\":\"htmlTextItem\",\"htmlText\":\"Im Gegensatz zur Exportindustrie sei die Binnenwirtschaft robust \u2013 insbesondere der Konsum und die Bauinvestitionen. 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{"result":{"content":"Schweizer Wirtschaft: Wachstum schw\u00e4cher als erwartet - 20 Minuten<\/title><meta name=\"title\" content=\"Schweizer Wirtschaft: Wachstum schw\u00e4cher als erwartet\"\/><meta name=\"description\" content=\"Bak Economics passt seine Prognosen f\u00fcr das Schweizer BIP-Wachstum 2025 auf 1,2 % an, zuvor waren 1,4 % erwartet worden. Grund daf\u00fcr sind die Z\u00f6lle von US-Pr\u00e4sident Donald Trump und die dadurch entstandene Unsicherheit.\"\/><meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-video-preview:-1, max-image-preview:large\"\/><link rel=\"canonical\" href=\"https:\/\/www.20min.ch\/story\/prognose-gesenkt-schweizer-wirtschaft-soll-wegen-us-zoellen-weniger-stark-wachsen-103299313\"\/><meta property=\"article:published_time\" content=\"2025-03-11T11:19:23.357Z\"\/><script type=\"application\/ld+json\">{\"@context\":\"http:\/\/schema.org\",\"@type\":\"BreadcrumbList\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"item\":{\"@id\":\"https:\/\/www.20min.ch\/\",\"name\":\"Front\"}},{\"@type\":\"ListItem\",\"position\":2,\"item\":{\"@id\":\"https:\/\/www.20min.ch\/wirtschaft\",\"name\":\"Wirtschaft\"}},{\"@type\":\"ListItem\",\"position\":3,\"item\":{\"@id\":\"https:\/\/www.20min.ch\/story\/prognose-gesenkt-schweizer-wirtschaft-soll-wegen-us-zoellen-weniger-stark-wachsen-103299313\",\"name\":\"Schweizer Wirtschaft: Wachstum schw\u00e4cher als erwartet\"}}]}<\/script><meta property=\"og:type\" content=\"article\"\/><meta property=\"og:description\" content=\"Bak Economics rechnet mit nur 1,2 % Wachstum 2025. Konsum bleibt stabil, Exporte schw\u00e4cheln.\"\/><meta property=\"og:url\" content=\"https:\/\/www.20min.ch\/story\/prognose-gesenkt-schweizer-wirtschaft-soll-wegen-us-zoellen-weniger-stark-wachsen-103299313\"\/><meta property=\"og:title\" content=\"Z\u00f6lle und Unsicherheit bremsen Schweizer Wirtschaft\"\/><meta property=\"og:locale\" content=\"de_DE\"\/><meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/20min\"\/><meta property=\"og:site_name\" content=\"20 Minuten\"\/><meta property=\"og:image\" content=\"https:\/\/media.20min.ch\/6\/image\/2023\/12\/22\/908db514-2c71-4ff3-b283-e2683051e791.png?auto=format%2Ccompress%2Cenhance&fit=crop&w=1200&h=675&rect=0%2C0%2C1422%2C940&fp-x=0.5&fp-y=0.5&crop=focalpoint&s=482826363d83127c5a370d5d7f5904f1\"\/><meta property=\"og:image:width\" content=\"1200\"\/><meta property=\"og:image:height\" content=\"675\"\/><meta name=\"twitter:card\" content=\"summary_large_image\"\/><meta name=\"twitter:site\" content=\"@20min\"\/><meta name=\"twitter:title\" content=\"Schweizer Wirtschaft: Unsicherheit d\u00e4mpft Wachstum\"\/><meta name=\"twitter:description\" content=\"Bak Economics korrigiert Wachstumsprognosen nach unten. Z\u00f6lle und globale Unsicherheit sind die Hauptgr\u00fcnde.\"\/><meta property=\"twitter:image:src\" content=\"https:\/\/media.20min.ch\/6\/image\/2023\/12\/22\/908db514-2c71-4ff3-b283-e2683051e791.png?auto=format%2Ccompress%2Cenhance&fit=crop&w=1200&h=675&rect=0%2C0%2C1422%2C940&fp-x=0.5&fp-y=0.5&crop=focalpoint&s=482826363d83127c5a370d5d7f5904f1\"\/><script type=\"application\/ld+json\">{\"@context\":\"http:\/\/schema.org\",\"@type\":\"NewsArticle\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.20min.ch\/story\/prognose-gesenkt-schweizer-wirtschaft-soll-wegen-us-zoellen-weniger-stark-wachsen-103299313\"},\"publisher\":{\"@type\":\"NewsMediaOrganization\",\"name\":\"20 Minuten\",\"url\":\"https:\/\/www.20min.ch\",\"email\":\"redaktion@20minuten.ch\",\"telephone\":\"+41(0)442486820\",\"sameAs\":[\"https:\/\/www.facebook.com\/20min\",\"https:\/\/twitter.com\/20min\",\"https:\/\/www.instagram.com\/20min.ch\",\"https:\/\/de.wikipedia.org\/wiki\/20_Minuten\"],\"ownershipFundingInfo\":\"https:\/\/www.20min.ch\/impressum\",\"logo\":{\"@type\":\"ImageObject\",\"url\":\"https:\/\/www.20min.ch\/icons\/20min_de.png\",\"width\":144,\"height\":192}},\"headline\":\"Schweizer Wirtschaft: Wachstum schw\u00e4cher als erwartet\",\"alternativeHeadline\":\"Prognose gesenkt: Schweizer Wirtschaft soll wegen US-Z\u00f6llen weniger stark wachsen\",\"description\":\"Bak Economics passt seine Prognosen f\u00fcr das Schweizer BIP-Wachstum 2025 auf 1,2 % an, zuvor waren 1,4 % erwartet worden. Grund daf\u00fcr sind die Z\u00f6lle von US-Pr\u00e4sident Donald Trump und die dadurch entstandene Unsicherheit.\",\"articleBody\":\"Wie stark wird die Schweizer Wirtschaft 2025 wachsen? Diese Frage besch\u00e4ftigt Schweizer \u00d6konominnen und \u00d6konomen gerade besonders stark, da US-Pr\u00e4sident Donald Trump weltweit viel Unsicherheit bringt . Nun hat Bak Economics die\u00a0 Wachstumsprognosen f\u00fcr die Schweizer Wirtschaft nach unten gesenkt: F\u00fcr 2025 erwarten die \u00d6konomen ein Wachstum des realen Bruttoinlandprodukts (BIP) von 1,2 Prozent statt der zuvor prognostizierten 1,4 Prozent. Auch f\u00fcr 2026 rechnet Bak Economics mit einem tieferen Wachstum von 1,2 Prozent statt wie bisher 1,5 Prozent. US-Z\u00f6lle verringern Investitionen in der Schweiz Das Wachstum des globalen Handelsvolumens werde aufgrund der Unsicherheit und Z\u00f6lle \u2013 darunter 25 Prozent auf Importe aus Kanada und Mexiko, 30 Prozent auf China sowie zehn Prozent auf die EU, Japan und S\u00fcdkorea \u2013 wohl um mehr als ein Drittel geringer ausfallen. Diese Abschw\u00e4chung des Welthandels und die gestiegene Unsicherheit d\u00e4mpften auch die Investitionen in der Schweiz. Das bisher robuste Konsumwachstum verliere ebenfalls leicht an Dynamik. Trumps Zickzack-Kurs verunsichert die M\u00e4rkte F\u00fcr zus\u00e4tzliche Unsicherheit sorgt, dass Trump die Z\u00f6lle oft schnell \u00e4ndert, anhebt oder gar wieder fallen l\u00e4sst. \u00abUnternehmen halten sich in einem solchen Umfeld mit weiterreichenden Entscheidungen m\u00f6glichst zur\u00fcck \u2013 ein wesentliches Hindernis f\u00fcr Investitionen\u00bb, schreibt Bak Economics. Das Unternehmen geht nun davon aus, dass die globale Investitionst\u00e4tigkeit abnimmt. Eine rasche Erholung zeichne sich nicht ab. Weniger Exporte f\u00fchren zu weniger Wachstum Die Schweizer Warenexporte d\u00fcrften dieses Jahr nur noch um 2,8 Prozent zulegen, so Bak Economics, bis jetzt lag die Prognose bei 3,7 Prozent. Auch die Investitionst\u00e4tigkeit in Maschinen und Anlagen falle schlechter aus. Bak Economics erwartete in diesem Bereich bislang ein Wachstum von 1,2 Prozent, geht aber nun von einem Minus um 0,1 Prozent f\u00fcr 2025 und einer leichten Erholung mit einem Plus von 0,7 Prozent im Jahr 2026 aus. Schweizer Konsum verhindert gr\u00f6sseren Absturz Im Gegensatz zur Exportindustrie sei die Binnenwirtschaft robust \u2013 insbesondere der Konsum und die Bauinvestitionen. Haupttreiber seien das starke Bev\u00f6lkerungswachstum durch eine rege Zuwanderung sowie die stabile Entwicklung bei Inflation, Zinsen und Wechselkursen. \u00abDiese Faktoren erhalten die Kaufkraft und erm\u00f6glichen Haushalten eine hohe Planbarkeit sowohl bei Konsumausgaben als auch beim Immobilienerwerb\u00bb, so Bak Economics. Steigen soll daf\u00fcr die Arbeitslosenquote, auf durchschnittlich 2,9 Prozent im Jahr 2025 und drei Prozent im Jahr 2026. 2024 lag der Jahresdurchschnitt bei 2,4 Prozent.\",\"image\":[],\"datePublished\":\"2025-03-11T12:19:23+01:00\",\"dateModified\":\"2025-03-11T12:19:23+01:00\",\"author\":[{\"@type\":\"Person\",\"name\":\"Marcel Urech\"}],\"video\":[],\"keywords\":\"\",\"hasPart\":[{\"@type\":\"Collection\",\"image\":[{\"@type\":\"ImageObject\",\"ContentUrl\":\"https:\/\/media.20min.ch\/6\/image\/2023\/12\/22\/908db514-2c71-4ff3-b283-e2683051e791.png?auto=format%2Ccompress%2Cenhance&fit=max&w=1200&h=1200&rect=0%2C0%2C1422%2C940&fp-x=0.5&fp-y=0.5&s=cd58cf1a5eda35c914b83e91676b992f\",\"caption\":\"Stabile Konsumausgaben halten die Schweizer Binnenwirtschaft \u00fcber Wasser.\",\"creditText\":\"Reuters\"},{\"@type\":\"ImageObject\",\"ContentUrl\":\"https:\/\/media.20min.ch\/6\/image\/2023\/12\/22\/85473823-75da-47ba-bbcf-747b5b6df008.jpeg?auto=format%2Ccompress%2Cenhance&fit=max&w=1200&h=1200&rect=0%2C0%2C2048%2C1365&fp-x=0.5&fp-y=0.5003663003663004&s=aa9440e6076413d30a70b266028b6901\",\"caption\":\"Ein Treiber daf\u00fcr ist das starke Bev\u00f6lkerungswachstum durch eine rege Zuwanderung sowie die stabile Entwicklung bei Inflation, Zinsen und Wechselkursen.\",\"creditText\":\"LAB\"},{\"@type\":\"ImageObject\",\"ContentUrl\":\"https:\/\/media.20min.ch\/6\/image\/2023\/12\/22\/f1954d9f-740a-4343-b62f-f79552846ceb.png?auto=format%2Ccompress%2Cenhance&fit=max&w=1200&h=1200&rect=0%2C0%2C1411%2C938&fp-x=0.518781006378455&fp-y=0.7622601279317697&s=c30dc81037d814f42856ff53ebf80a50\",\"caption\":\"\u00abDiese Faktoren erhalten die Kaufkraft und erm\u00f6glichen Haushalten eine hohe Planbarkeit sowohl bei Konsumausgaben als auch beim Immobilienerwerb\u00bb, schreibt Bak Economics.\",\"creditText\":\"IMAGO\/J\u00fcrgen Held\"}]}],\"articleSection\":\"Wirtschaft\"}<\/script><meta name=\"next-head-count\" content=\"26\"\/><link rel=\"preconnect\" href=\"https:\/\/api.20min.ch\"\/><link rel=\"dns-prefetch\" href=\"https:\/\/api.20min.ch\"\/><link rel=\"preconnect\" href=\"https:\/\/cdn.cookielaw.org\"\/><link rel=\"dns-prefetch\" href=\"https:\/\/cdn.cookielaw.org\"\/><link rel=\"preconnect\" href=\"https:\/\/ats.20min.ch\"\/><link rel=\"dns-prefetch\" href=\"https:\/\/ats.20min.ch\"\/><link rel=\"dns-prefetch\" href=\"https:\/\/beagle.prod.tda.link\"\/><link rel=\"dns-prefetch\" href=\"https:\/\/fundingchoicesmessages.google.com\"\/><script type=\"text\/javascript\">window.dataLayer = window.dataLayer || []; window.TATM = window.TATM || []; window.beagleQueue = window.beagleQueue || [];<\/script><script src=\"https:\/\/cdn.cookielaw.org\/scripttemplates\/otSDKStub.js\" data-domain-script=\"f1aeb90f-3d11-4baf-b163-9b7fc7e715cd\" 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class=\"sc-6821256f-0 bXwfqn sc-3584b39c-0 hDUYcV sc-c5c57201-0 eiBLnd sc-c5c57201-1 jipLa-d\"><div id=\"\/23178153471\/de-20minuten.ch\/inside-sticky\/wirtschaft\" data-ad-unit-id=\"\/23178153471\/de-20minuten.ch\/inside-sticky\/wirtschaft\" style=\"justify-content:center;align-items:center;text-align:center;display:flex;height:100%;background-color:transparent\"><\/div><\/aside><\/div><\/nav><\/div><div id=\"\/23178153471\/de-20minuten.ch\/outside-welcome\/wirtschaft\" data-ad-unit-id=\"\/23178153471\/de-20minuten.ch\/outside-welcome\/wirtschaft\" style=\"justify-content:center;align-items:center;text-align:center;display:flex;height:100%;background-color:transparent\"><\/div><div class=\"layout_layout__yR_n_ layout_contentType__8IYJ_\"><div class=\"layout_content__6MprE\"><section class=\"sc-46060ef-0 WIfmU sc-91f9da13-0 jFqVIG\"><div class=\"sc-46060ef-1 pIKlK\"><a href=\"\/\" class=\"sc-46060ef-2 sc-46060ef-4 gJkAGz eeHRbX\">Front<\/a><span class=\"sc-46060ef-5 iIeaQS\">|<\/span><a href=\"\/wirtschaft\" class=\"sc-46060ef-2 sc-46060ef-4 gJkAGz eeHRbX\">Wirtschaft<\/a><span class=\"sc-46060ef-5 iIeaQS\">|<\/span><\/div><h1 class=\"sc-46060ef-3 sc-46060ef-6 csIspw egCqAn\">Schweizer Wirtschaft: Wachstum schw\u00e4cher als erwartet<\/h1><\/section><div class=\"ContentPage_contentPage__YqKjN\"><div class=\"ContentPage_insideFullTopPlaceholder__g16GO\"><div id=\"\/23178153471\/de-20minuten.ch\/inside-full-top\/wirtschaft\" data-ad-unit-id=\"\/23178153471\/de-20minuten.ch\/inside-full-top\/wirtschaft\" style=\"justify-content:center;align-items:center;text-align:center;display:flex;height:100%;background-color:transparent\"><\/div><\/div><div class=\"ContentPage_outsideRight__P0Uvf\"><\/div><article class=\"Article_article__sV3bX Article_siteAreaNews__Frmfx\"><header class=\"Article_header__ckSlm\"><div class=\"Article_elementPublishdate__qcso_\"><div class=\"sc-d721210-0 glCzFI\"><span>Publiziert<\/span><time dateTime=\"2025-03-11T12:19:23+01:00\" class=\"sc-d721210-1 ldCIcW\">11. M\u00e4rz 2025, 12:19<\/time><\/div><\/div><div class=\"Article_elementTitle__9QPjy\"><h2><span>Prognose gesenkt<span class=\"visually-hidden\" aria-hidden=\"true\" role=\"presentation\">: <\/span><\/span>Schweizer Wirtschaft soll wegen US-Z\u00f6llen weniger stark wachsen<\/h2><\/div><div class=\"Article_elementLead__N3pGr\"><p>Bak Economics hat seine Wachstumsprognosen f\u00fcr die Schweizer Wirtschaft nach unten gesenkt. Grund daf\u00fcr sind Z\u00f6lle und die hohe Unsicherheit.<\/p><\/div><div class=\"Article_elementAuthors__LsHcz\"><section class=\"sc-a49778d8-1 kNmdAC\"><div class=\"sc-a49778d8-0 cVViTd\"><div class=\"sc-3d7987c8-2 kbwEQu\"><div class=\"sc-b1f21c84-0 erNuh\"><a href=\"\/autoren\/84165759\/marcel-urech\" class=\"sc-b1f21c84-2 egfiIF\"><img alt=\"Marcel Urech\" src=\"https:\/\/media.20min.ch\/6\/image\/2024\/03\/10\/9d0551e3-5ad2-4eb2-81e2-1d3a72dd3a17.jpeg?auto=format%2Ccompress%2Cenhance&fit=crop&w=400&h=400&rect=0%2C0%2C404%2C404&crop=faces&s=dd090a2f49cd39277d8656438c5a6b83\" class=\"sc-b1f21c84-1 iTOvpR\"\/><\/a><\/div><div class=\"sc-3d7987c8-0 cWecBK\"><dt class=\"sc-3d7987c8-3 dvBbZq\">von<\/dt><div class=\"sc-3d7987c8-5 hogmkW\"><a href=\"\/autoren\/84165759\/marcel-urech\" class=\"sc-3d7987c8-8 fCLjyQ\"><dd class=\"sc-3d7987c8-4 kvzacp\">Marcel Urech<\/dd><\/a><\/div><\/div><\/div><\/div><\/section><\/div><\/header><section class=\"Article_body__60Liu\"><div class=\"Article_elementSlideshow__fbaGO\"><\/div><div class=\"Article_element__Tq_1s\"><div type=\"typeInfoboxSummary\" class=\"sc-92253cc8-0 kGbdVO undefined Default\" data-testid=\"InfoBox\"><div class=\"sc-92253cc8-1 sc-92253cc8-2 bGBSLI duFusH\"><h3>Schweizer Wirtschaft: Darum gehts<\/h3><div class=\"sc-92253cc8-3 hknAoe\"><svg width=\"1em\" height=\"1em\" class=\"sc-b8528708-0 fFsCws\"><use href=\"\/_next\/static\/media\/sprite.d5961885.svg#boomerang\"><\/use><\/svg><\/div><\/div><div class=\"sc-92253cc8-1 sc-92253cc8-4 bGBSLI lcCaqX elementList\"><ul><li><p>Z\u00f6lle und Unsicherheiten unter US-Pr\u00e4sident Donald Trump belasten den globalen Handel und Investitionen.<\/p><\/li><li><p>Die Schweizer Wirtschaft soll dieses Jahr weniger stark wachsen als erwartet, sagt Bak Economics.<\/p><\/li><li><p>Die Arbeitslosenquote k\u00f6nnte bis 2026 auf drei Prozent ansteigen.<\/p><\/li><\/ul><\/div><\/div><\/div><div class=\"Article_elementTextblockarray__WNyan\"><p>Wie stark wird die <a href=\"\/story\/ki-readiness-chefs-fehlt-der-mut-wird-schweizer-wirtschaft-bei-ki-abgehaengt-103234356\">Schweizer Wirtschaft<\/a> 2025 wachsen? Diese Frage besch\u00e4ftigt Schweizer \u00d6konominnen und \u00d6konomen gerade besonders stark, da US-Pr\u00e4sident Donald Trump <a href=\"\/story\/schock-an-den-us-boersen-so-kam-es-zum-boersen-crash-103299172\">weltweit viel Unsicherheit bringt<\/a>.<\/p><\/div><div class=\"Article_elementAd__7Cafs\"><\/div><div class=\"Article_elementTextblockarray__WNyan\"><p>Nun hat Bak Economics die\u00a0<strong><\/strong>Wachstumsprognosen f\u00fcr die Schweizer Wirtschaft nach unten gesenkt: F\u00fcr 2025 erwarten die \u00d6konomen ein Wachstum des realen Bruttoinlandprodukts (BIP) von 1,2 Prozent statt der zuvor prognostizierten 1,4 Prozent. Auch f\u00fcr 2026 rechnet Bak Economics mit einem tieferen Wachstum von 1,2 Prozent statt wie bisher 1,5 Prozent.<\/p><\/div><div class=\"Article_elementCrosshead__b9pyw\"><h2 class=\"crosshead_crosshead__MxhCQ crosshead_siteAreaNews__x10eM crosshead_typeStandard__szEKi\" data-testid=\"Crosshead\">US-Z\u00f6lle verringern Investitionen in der Schweiz<\/h2><\/div><div class=\"Article_elementTextblockarray__WNyan\"><p>Das Wachstum des globalen Handelsvolumens werde aufgrund der Unsicherheit und Z\u00f6lle \u2013 darunter 25 Prozent auf Importe aus Kanada und Mexiko, 30 Prozent auf China sowie zehn Prozent auf die EU, Japan und S\u00fcdkorea \u2013 wohl um mehr als ein Drittel geringer ausfallen.<\/p><\/div><div class=\"Article_elementPoll__0I_DP\"><div class=\"sc-c7badfe-0 ldhbtc\"><div class=\"sc-c7badfe-1 sc-c7badfe-2 jyrFy drGMUq\"><p>Sorgst du dich um die Schweizer Wirtschaft?<\/p><\/div><div class=\"sc-c7badfe-1 sc-c7badfe-3 jyrFy gwdeAf\"><label><input name=\"103299313\" type=\"radio\" class=\"sc-c7badfe-4 jQczuo\"\/><span class=\"sc-c7badfe-9 bwIsay\"><span>Ja, dass sich die Schweizer Wirtschaft 2025 abk\u00fchlt, habe ich so erwartet.<\/span><span class=\"sc-c7badfe-7 cqemkj\"><\/span><\/span><\/label><label><input name=\"103299313\" type=\"radio\" class=\"sc-c7badfe-4 jQczuo\"\/><span class=\"sc-c7badfe-9 bwIsay\"><span>Ja, sie wird sich dieses Jahr schlechter entwickeln, als ich erwartet hatte.<\/span><span class=\"sc-c7badfe-7 cqemkj\"><\/span><\/span><\/label><label><input name=\"103299313\" type=\"radio\" class=\"sc-c7badfe-4 jQczuo\"\/><span class=\"sc-c7badfe-9 bwIsay\"><span>Geht so, mal abwarten, Ende Jahr wissen wir mehr.<\/span><span class=\"sc-c7badfe-7 cqemkj\"><\/span><\/span><\/label><label><input name=\"103299313\" type=\"radio\" class=\"sc-c7badfe-4 jQczuo\"\/><span class=\"sc-c7badfe-9 bwIsay\"><span>Nein, die Schweizer Wirtschaft wird sich resistent zeigen.<\/span><span class=\"sc-c7badfe-7 cqemkj\"><\/span><\/span><\/label><label><input name=\"103299313\" type=\"radio\" class=\"sc-c7badfe-4 jQczuo\"\/><span class=\"sc-c7badfe-9 bwIsay\"><span>Zeig mir nur das Resultat der Umfrage.<\/span><span class=\"sc-c7badfe-7 cqemkj\"><\/span><\/span><\/label><\/div><div class=\"sc-c7badfe-1 sc-c7badfe-5 jyrFy GTpCD\"><\/div><\/div><\/div><div class=\"Article_elementTextblockarray__WNyan\"><p>Diese <a href=\"\/story\/usa-trump-kuendigt-massive-zoelle-fuer-mexiko-und-kanada-ab-dienstag-an-103294344\">Abschw\u00e4chung des Welthandels<\/a> und die gestiegene Unsicherheit d\u00e4mpften auch die Investitionen in der Schweiz. Das bisher robuste Konsumwachstum verliere ebenfalls leicht an Dynamik.<\/p><\/div><div class=\"Article_elementCrosshead__b9pyw\"><h2 class=\"crosshead_crosshead__MxhCQ crosshead_siteAreaNews__x10eM crosshead_typeStandard__szEKi\" data-testid=\"Crosshead\">Trumps Zickzack-Kurs verunsichert die M\u00e4rkte<\/h2><\/div><div class=\"Article_elementTextblockarray__WNyan\"><p>F\u00fcr zus\u00e4tzliche Unsicherheit sorgt, dass Trump die Z\u00f6lle oft schnell \u00e4ndert, anhebt oder gar wieder fallen l\u00e4sst. \u00abUnternehmen halten sich in einem solchen Umfeld mit weiterreichenden Entscheidungen m\u00f6glichst zur\u00fcck \u2013 ein wesentliches Hindernis f\u00fcr Investitionen\u00bb, schreibt Bak Economics. Das Unternehmen geht nun davon aus, dass die globale Investitionst\u00e4tigkeit abnimmt. Eine rasche Erholung zeichne sich nicht ab.<\/p><\/div><div class=\"Article_elementCrosshead__b9pyw\"><h2 class=\"crosshead_crosshead__MxhCQ crosshead_siteAreaNews__x10eM crosshead_typeStandard__szEKi\" data-testid=\"Crosshead\">Weniger Exporte f\u00fchren zu weniger Wachstum<\/h2><\/div><div class=\"Article_elementTextblockarray__WNyan\"><p>Die Schweizer Warenexporte d\u00fcrften dieses Jahr nur noch um 2,8 Prozent zulegen, so Bak Economics, bis jetzt lag die Prognose bei 3,7 Prozent. Auch die Investitionst\u00e4tigkeit in Maschinen und Anlagen falle schlechter aus. Bak Economics erwartete in diesem Bereich bislang ein Wachstum von 1,2 Prozent, geht aber nun von einem Minus um 0,1 Prozent f\u00fcr 2025 und einer leichten Erholung mit einem Plus von 0,7 Prozent im Jahr 2026 aus.<\/p><\/div><div class=\"Article_elementCrosshead__b9pyw\"><h2 class=\"crosshead_crosshead__MxhCQ crosshead_siteAreaNews__x10eM crosshead_typeStandard__szEKi\" data-testid=\"Crosshead\">Schweizer Konsum verhindert gr\u00f6sseren Absturz<\/h2><\/div><div class=\"Article_elementTextblockarray__WNyan\"><p>Im Gegensatz zur Exportindustrie sei die Binnenwirtschaft robust \u2013 insbesondere der Konsum und die Bauinvestitionen. Haupttreiber seien das starke Bev\u00f6lkerungswachstum durch eine rege Zuwanderung sowie die stabile Entwicklung bei Inflation, Zinsen und Wechselkursen.<\/p><\/div><div class=\"Article_elementImage__A6J72\"><figure class=\"sc-d47814d6-4 YeebQ\"><div class=\"Image_imgContainer__a56Mx\" style=\"padding-bottom:59.523809523809526%\"><img src=\"https:\/\/image.20min.ch\/2025\/03\/11\/1578e73e-2b53-4431-bf87-4f54ee95f162.jpeg?auto=format%2Ccompress%2Cenhance&fit=max&w=1200&h=1200&rect=0%2C0%2C4000%2C2667&s=1dda0f94c6d026bee812bd20566aee78\" alt=\"Die Konsumausgaben der Schweizer zeigen sich trotz hoher Unsicherheit robust.\" title=\"Die Konsumausgaben der Schweizer zeigen sich trotz hoher Unsicherheit robust.\" srcSet=\"https:\/\/image.20min.ch\/2025\/03\/11\/1578e73e-2b53-4431-bf87-4f54ee95f162.jpeg?auto=format%2Ccompress%2Cenhance&fit=max&w=400&h=400&rect=0%2C0%2C4000%2C2667&s=4b13d72ee9762c038687b5e753aafba3 400w, https:\/\/image.20min.ch\/2025\/03\/11\/1578e73e-2b53-4431-bf87-4f54ee95f162.jpeg?auto=format%2Ccompress%2Cenhance&fit=max&w=800&h=800&rect=0%2C0%2C4000%2C2667&s=61f1d96dc5626472e33182e4499d6f77 800w, https:\/\/image.20min.ch\/2025\/03\/11\/1578e73e-2b53-4431-bf87-4f54ee95f162.jpeg?auto=format%2Ccompress%2Cenhance&fit=max&w=1200&h=1200&rect=0%2C0%2C4000%2C2667&s=1dda0f94c6d026bee812bd20566aee78 1200w, https:\/\/image.20min.ch\/2025\/03\/11\/1578e73e-2b53-4431-bf87-4f54ee95f162.jpeg?auto=format%2Ccompress%2Cenhance&fit=max&w=1600&h=1600&rect=0%2C0%2C4000%2C2667&s=44334e95927ef67e62367e7120f29bd2 1600w, https:\/\/image.20min.ch\/2025\/03\/11\/1578e73e-2b53-4431-bf87-4f54ee95f162.jpeg?auto=format%2Ccompress%2Cenhance&fit=max&w=2001&h=2000&rect=0%2C0%2C4000%2C2667&s=b7594538abc8c10017f61cea8d945481 2001w\" width=\"1200\" height=\"800\"\/><div class=\"Image_fallback__F0rLe\" style=\"background-image:url('https:\/\/image.20min.ch\/2025\/03\/11\/1578e73e-2b53-4431-bf87-4f54ee95f162.jpeg?auto=format%2Ccompress%2Cenhance&fit=max&w=800&h=800&rect=0%2C0%2C4000%2C2667&s=61f1d96dc5626472e33182e4499d6f77')\"><\/div><\/div><figcaption class=\"sc-d47814d6-0 gVurjZ\"><span class=\"sc-d47814d6-2 bDLFoO\"><p>Die Konsumausgaben der Schweizer zeigen sich trotz hoher Unsicherheit robust.<\/p><\/span><span class=\"sc-d47814d6-3 bmEwwn\">IMAGO\/Wolfgang Maria Weber<\/span><\/figcaption><\/figure><\/div><div class=\"Article_elementTextblockarray__WNyan\"><p>\u00abDiese Faktoren erhalten die Kaufkraft und erm\u00f6glichen Haushalten eine hohe Planbarkeit sowohl bei Konsumausgaben als auch beim Immobilienerwerb\u00bb, so Bak Economics. Steigen soll daf\u00fcr die Arbeitslosenquote, auf durchschnittlich 2,9 Prozent im Jahr 2025 und drei Prozent im Jahr 2026. 2024 lag der Jahresdurchschnitt bei 2,4 Prozent.<\/p><\/div><div class=\"Article_element__Tq_1s\"><figure class=\"sc-d47814d6-4 YeebQ\"><figcaption class=\"sc-d47814d6-0 gVurjZ\"><\/figcaption><\/figure><\/div><div class=\"Article_element__Tq_1s\"><div type=\"typeInfoboxSummary\" class=\"sc-92253cc8-0 kGbdVO undefined Default\" data-testid=\"InfoBox\"><div class=\"sc-92253cc8-1 sc-92253cc8-2 bGBSLI duFusH\"><h3>Folgst du 20 Minuten Wirtschaft auf Whatsapp?<\/h3><div class=\"sc-92253cc8-3 hknAoe\"><svg width=\"1em\" height=\"1em\" class=\"sc-b8528708-0 fFsCws\"><use href=\"\/_next\/static\/media\/sprite.d5961885.svg#boomerang\"><\/use><\/svg><\/div><\/div><div class=\"sc-92253cc8-1 sc-92253cc8-4 bGBSLI lcCaqX elementTextblockarray\"><p>Hier kriegst du die aktuellsten News aus der Wirtschaftswelt und die heissesten Updates zu Konsumententhemen direkt auf dein 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Diese Frage besch\u00e4ftigt Schweizer \u00d6konominnen und \u00d6konomen gerade besonders stark, da US-Pr\u00e4sident Donald Trump \"},{\"type\":\"internalLink\",\"htmlText\":\"weltweit viel Unsicherheit bringt\",\"metadataID\":103299172,\"url\":\"\/story\/schock-an-den-us-boersen-so-kam-es-zum-boersen-crash-103299172\",\"tenantUrls\":{\"6\":\"\/story\/schock-an-den-us-boersen-so-kam-es-zum-boersen-crash-103299172\"}},{\"type\":\"htmlTextItem\",\"htmlText\":\".\"}]},{\"type\":\"ad\",\"availableFor\":{\"desktop\":true,\"app\":true}},{\"type\":\"textBlockArray\",\"items\":[{\"type\":\"htmlTextItem\",\"htmlText\":\"Nun hat Bak Economics die\u00a0\"},{\"type\":\"htmlTextItem\",\"htmlText\":\"\\u003cstrong\\u003e\\u003c\/strong\\u003e\"},{\"type\":\"htmlTextItem\",\"htmlText\":\"Wachstumsprognosen f\u00fcr die Schweizer Wirtschaft nach unten gesenkt: F\u00fcr 2025 erwarten die \u00d6konomen ein Wachstum des realen Bruttoinlandprodukts (BIP) von 1,2 Prozent statt der zuvor prognostizierten 1,4 Prozent. Auch f\u00fcr 2026 rechnet Bak Economics mit einem tieferen Wachstum von 1,2 Prozent statt wie bisher 1,5 Prozent.\"}]},{\"type\":\"crosshead\",\"htmlText\":\"US-Z\u00f6lle verringern Investitionen in der Schweiz\",\"style\":{}},{\"type\":\"textBlockArray\",\"items\":[{\"type\":\"htmlTextItem\",\"htmlText\":\"Das Wachstum des globalen Handelsvolumens werde aufgrund der Unsicherheit und Z\u00f6lle \u2013 darunter 25 Prozent auf Importe aus Kanada und Mexiko, 30 Prozent auf China sowie zehn Prozent auf die EU, Japan und S\u00fcdkorea \u2013 wohl um mehr als ein Drittel geringer ausfallen.\"}]},{\"type\":\"poll\",\"question\":{\"type\":\"pollItem\",\"id\":\"doc-1im2bps0v11\",\"text\":{\"type\":\"textBlockArray\",\"items\":[{\"type\":\"htmlTextItem\",\"htmlText\":\"Sorgst du dich um die Schweizer Wirtschaft?\"}]}},\"answers\":[{\"type\":\"pollItem\",\"id\":\"doc-1im2bps0v11.doc-1im2dcck20\",\"text\":{\"type\":\"textBlockArray\",\"items\":[{\"type\":\"htmlTextItem\",\"htmlText\":\"Ja, dass sich die Schweizer Wirtschaft 2025 abk\u00fchlt, habe ich so erwartet.\"}]}},{\"type\":\"pollItem\",\"id\":\"doc-1im2bps0v11.doc-1im2bps0v12\",\"text\":{\"type\":\"textBlockArray\",\"items\":[{\"type\":\"htmlTextItem\",\"htmlText\":\"Ja, sie wird sich dieses Jahr schlechter entwickeln, als ich erwartet hatte.\"}]}},{\"type\":\"pollItem\",\"id\":\"doc-1im2bps0v11.doc-1im2bps0v13\",\"text\":{\"type\":\"textBlockArray\",\"items\":[{\"type\":\"htmlTextItem\",\"htmlText\":\"Geht so, mal abwarten, Ende Jahr wissen wir mehr.\"}]}},{\"type\":\"pollItem\",\"id\":\"doc-1im2bps0v11.doc-1im2datja0\",\"text\":{\"type\":\"textBlockArray\",\"items\":[{\"type\":\"htmlTextItem\",\"htmlText\":\"Nein, die Schweizer Wirtschaft wird sich resistent zeigen.\"}]}},{\"type\":\"pollItem\",\"id\":\"doc-1im2bps0v11.doc-1im2dauo20\",\"text\":{\"type\":\"textBlockArray\",\"items\":[{\"type\":\"htmlTextItem\",\"htmlText\":\"Zeig mir nur das Resultat der Umfrage.\"}]}}]},{\"type\":\"textBlockArray\",\"items\":[{\"type\":\"htmlTextItem\",\"htmlText\":\"Diese \"},{\"type\":\"internalLink\",\"htmlText\":\"Abschw\u00e4chung des Welthandels\",\"metadataID\":103294344,\"url\":\"\/story\/usa-trump-kuendigt-massive-zoelle-fuer-mexiko-und-kanada-ab-dienstag-an-103294344\",\"tenantUrls\":{\"6\":\"\/story\/usa-trump-kuendigt-massive-zoelle-fuer-mexiko-und-kanada-ab-dienstag-an-103294344\"}},{\"type\":\"htmlTextItem\",\"htmlText\":\" und die gestiegene Unsicherheit d\u00e4mpften auch die Investitionen in der Schweiz. Das bisher robuste Konsumwachstum verliere ebenfalls leicht an Dynamik.\"}]},{\"type\":\"crosshead\",\"htmlText\":\"Trumps Zickzack-Kurs verunsichert die M\u00e4rkte\",\"style\":{}},{\"type\":\"textBlockArray\",\"items\":[{\"type\":\"htmlTextItem\",\"htmlText\":\"F\u00fcr zus\u00e4tzliche Unsicherheit sorgt, dass Trump die Z\u00f6lle oft schnell \u00e4ndert, anhebt oder gar wieder fallen l\u00e4sst. \u00abUnternehmen halten sich in einem solchen Umfeld mit weiterreichenden Entscheidungen m\u00f6glichst zur\u00fcck \u2013 ein wesentliches Hindernis f\u00fcr Investitionen\u00bb, schreibt Bak Economics. Das Unternehmen geht nun davon aus, dass die globale Investitionst\u00e4tigkeit abnimmt. Eine rasche Erholung zeichne sich nicht ab.\"}]},{\"type\":\"crosshead\",\"htmlText\":\"Weniger Exporte f\u00fchren zu weniger Wachstum\",\"style\":{}},{\"type\":\"textBlockArray\",\"items\":[{\"type\":\"htmlTextItem\",\"htmlText\":\"Die Schweizer Warenexporte d\u00fcrften dieses Jahr nur noch um 2,8 Prozent zulegen, so Bak Economics, bis jetzt lag die Prognose bei 3,7 Prozent. Auch die Investitionst\u00e4tigkeit in Maschinen und Anlagen falle schlechter aus. Bak Economics erwartete in diesem Bereich bislang ein Wachstum von 1,2 Prozent, geht aber nun von einem Minus um 0,1 Prozent f\u00fcr 2025 und einer leichten Erholung mit einem Plus von 0,7 Prozent im Jahr 2026 aus.\"}]},{\"type\":\"crosshead\",\"htmlText\":\"Schweizer Konsum verhindert gr\u00f6sseren Absturz\",\"style\":{}},{\"type\":\"textBlockArray\",\"items\":[{\"type\":\"htmlTextItem\",\"htmlText\":\"Im Gegensatz zur Exportindustrie sei die Binnenwirtschaft robust \u2013 insbesondere der Konsum und die Bauinvestitionen. 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