Noting the "serious headwinds" the global trade system faces with US President Donald Trump's plan for widespread tariffs, New Zealand Prime Minister Christopher Luxon called on Monday for Indo-Pacific nations to deepen their economic integration through free trade and strengthened supply chains.

The Swiss economy will grow by 1.4% in 2025, the government said in its latest forecast on Tuesday, lowering its previous view due to uncertainty and worries about a global trade war. The forecast was a slight downgrade from December's forecast for a 1.

Growth outlooks in the United States and several other countries are projected to slow this year and next, as uncertainty on trade and economic policy takes their toll.