
The Swiss View: A New Beginning: Recession as a Launchpad
In recent times, central banks in various jurisdictions have adopted a cautious approach by refraining from further increasing interest rates. However, they have been vocal about their intention to closely monitor the consequences of the steps taken thus far. Despite this pause in rate hikes, equity markets have started to experience turbulence, reflecting an adjustment to the prevailing economic realities. Our assessment suggests that economies are currently facing significant challenges.