UBS CFA Indicator: Geopolitics shape the outlook

• The UBS CFA Society Switzerland Indicator fell by 10.9 points to -4.7 in January, possibly reflecting the recent escalation of geopolitical tensions over Greenland. 
• On average, financial analysts expect GDP growth of 1.1% for Switzerland this year, followed by a slight acceleration to 1.3% in 2027. 
• According to the survey, the SNB is unlikely to change its monetary policy stance, with over 70% of participants expecting the policy rate to remain unchanged at 0% over the next 12 months.

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