The Zurich economy is feeling the effects of the international economic downturn. Nevertheless, the business outlook and GDP growth for 2024 remain positive. The economic slowdown is also leaving its first traces on the labor market: unemployment is rising, but remains low. You can find out more in the current economic monitoring.
Following an economic slowdown at the end of 2023, companies in Zurich are assessing the business situation and business expectations as slightly better again. The Zurich economy is therefore likely to record low but positive GDP growth in the current year. Momentum on the labor market has slowed in recent months: unemployment is rising, but remains low at 2.1%.