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Economic publications

  • #Economic publications

    Risk Review June 2026: how the strait of Hormuz conflict impacts the global economy and Switzerland

    The conflict in the Strait of Hormuz has triggered the largest disruption to global oil supplies in history. It is also exposing major geopolitical risks. According to our latest Coface Risk Review, the global economy remains resilient, but inflation is picking up and pressure is mounting across Europe. Switzerland is starting to feel the effects as well.

  • #Economic publications

    US demand for Swiss exports declines sharply

    Swiss exports to the US have fallen by 15.6 per cent quarter-on-quarter. In the first quarter of 2026, the pharmaceutical sector was particularly hard hit, plunging by 9.3 per cent quarter-on-quarter. Nevertheless, the loss of trade policy predictability is seen as the main risk for Switzerland as an exporting nation.

    • #Economic publications
    • #Expert advice

    Germany: insolvency crisis deepens, a wake-up call for Swiss businesses

    Germany’s stagnating economy has been hit particularly hard by rising energy costs and tightening financial conditions. In 2025, insolvencies experienced their third consecutive year of double-digit increases and are unlikely to recover in 2026, creating a situation that poses a major risk for Switzerland.

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  • #Economic publications

    Risk Review 2026: slower growth but Switzerland remains highly resilient

    The global economic outlook for 2026 points to slightly slower growth, according to our latest Risk Review. Global growth is expected to slow to 2.6 per cent in 2026, compared with 2.8 per cent in 2025, although Europe remains stable. Switzerland has retained its top rating and could benefit from strong global trade partners.

  • #Economic publications

    Uncertainty rises following US tariffs ruling

    The Supreme Court ruling on US tariff policy brings little relief: tariffs remain high, asymmetric effects are growing. Additional uncertainty stems from the question of whether agreements such as the one with Switzerland have now definitively been deprived of their legal basis.

  • #Economic publications

    Business insolvencies are expected to increase by 2.8% worldwide in 2026

    In 2026, business insolvencies are expected to rise slightly again, against a backdrop of gradually easing financing costs. Behind this apparent stabilisation lies a still high level of fragility, particularly in the construction, chemical and textile industries. A rise of just 25 basis points in interest rates on business loans would be enough to upset an easing trend. For Swiss companies, this global evolution is particularly relevant. Switzerland’s economy remains highly dependent on exports and cross-border trade, meaning that the financial health of foreign clients and partners directly affects domestic businesses.

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  • Risk Dashboard

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