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.
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