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2026-07-16 15:36:12
The Swiss National Bank (SNB) states that the main risks to the economic and inflation outlook stem from global economic developments. A renewed escalation of tensions in the Middle East could significantly weaken economic activity and increase upward pressure on the Swiss franc. While artificial intelligence has gained some influence, it has not yet brought about significant and widespread structural changes. Businesses have increased their short-term inflation expectations. Businesses anticipate substantial revenue growth in the coming quarters. A stronger-than-expected second-round effect is also listed as a risk factor for inflation.
