The sentiment indicator for Swiss financial analysts has been pointing to an economic downswing for more than a year now. That said, there no longer appears to be the risk of a recession in the immediate future.

Analysts’ inflation forecasts remain elevated, while there is a growing divergence in the policy rate expectations for Europe and the US.

A special poll on the banking system reveals multiple risks for traditional banks. Meanwhile, the consequences of recent banking stress for bank deposits remain unclear.

Read the full article  here .