Vaud’s economy should benefit from the global normalization expected in 2025, but there are still many risk factors, especially in a tense global geopolitical situation. The canton’s GDP is set to rise from 1.4% in 2024 to 2.0% in 2025 according to the latest forecasts from the Commission Conjoncture vaudoise, a partnership between the State of Vaud (SPEI), the CVCI, BCV and the canton’s main industry associations.