Switzerland’s sport-adjusted GDP rose 0.2% in the fourth quarter of 2025, rebounding from a 0.4% contraction in the previous quarter and matching preliminary estimates. The modest recovery suggests underlying resilience after the sharp downturn triggered by US President Donald Trump’s initial 39% tariff, which led to the steepest contraction since the pandemic. A trade agreement reached in November, lowering tariffs to 15%, helped ease concerns about prolonged economic damage. Domestic demand supported growth, with private consumption up 0.4% and investment increasing in construction (1.0%) as well as equipment and software (0.6%). However, net trade weighed on GDP as imports outpaced exports. On an annual basis, growth slowed slightly to 0.8% in Q4 from 0.9% in Q3. For 2025 as a whole, the economy expanded 1.4%, up from 1.2% in 2024.