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Media Relations


Economic and Financial Market Outlook – Global economy at a tipping point

  • Threat of a global recession has risen.
  • Global growth to stay weaker for longer, mainly due to escalation in trade wars.
  • Tentative signs that the manufacturing inventory cycle is bottoming out.
  • Additional monetary and fiscal stimulus activity to continue into 2020.
  • US Fed to cut two more times in 2019.
  • Market volatility to remain high and equity markets face stiffer headwinds in 2H 19.
  • Swiss Franc supported by real yields and safe haven status.