India, Aug. 28 -- The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday.

Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.

Industrial value added and exports declined sharply, while the service sector supported broad based growth in the second quarter, the SECO said.

On a yearly basis, economic growth eased to 1.6 percent from 2.0 percent in the first quarter.

Due to higher U.S. tariffs, Switzerland's economy is likely to expand more slowly than previously estimated, particularly in...