Q1 2025 – Quarterly Report: Economy and Markets

What happened in the first quarter of 2025?

  • Switzerland: new rate cut to further stimulate growth
  • Trump’s Settlement: significant tariffs fueling concerns over global growth
  • Europe: economic outlook improving and Germany’s large defense spending plan

These are just some of the themes that characterized the first quarter of 2025. Discover more details and other insights by browsing through our quarterly report!


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