Creighton Index Drops Below Growth Neutral

The Swiss economy is projected to experience modest growth, with Economiesuisse forecasting a GDP increase of 1.1% for 2024 and 1.4% for 2025, hindered by weak demand and global trade tensions. The association warns that rising trade barriers and geopolitical tensions are negatively impacting the Swiss export economy, particularly in Europe. Meanwhile, U.S. small businesses saw steady job growth in November, with Texas leading in job creation, although wage increases remained below 3%. The Creighton University Mid-America Business Conditions Index indicates that economic conditions in the nine-state region have slipped below the growth-neutral threshold for the sixth time in 2024, primarily due to supply chain disruptions and inflation concerns. Manufacturers in the region continue to face challenges, with potential strikes and tariffs looming under the incoming Trump administration. Overall, the economic outlook remains cautious amid persistent global and domestic uncertainties.