At the 9th Annual Private Banking Conference & Awards in Zurich, Dr. Stefan Gerlach, chief economist at EFG Private Bank, highlighted the mixed state of the global economy, noting slight growth in some areas and rising debt in others. He criticized Trump's bold yet contradictory policies, such as banking deregulation and immigration tightening, which could impact the labor market. In Europe, while Switzerland shows robust growth, Germany remains stagnant, and public deficits continue to pose significant challenges, despite strong performances from previously struggling countries like Spain, Portugal, Greece, and Ireland.
