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As we are about to enter a new year, it looks as if central banks have won the battle against inflation and will continue to cut their interest rates. In all the regions, growth is driven by only a handful of sectors, be it the technology sector in the United States, business services in Europe or the pharmaceutical industry in Switzerland. This concentration could prove problematic. In 2025, inflation in Switzerland is expected to be 1.1% with GDP growth at around 1.9% for Switzerland and 2.0% for Geneva.
The Banque Cantonale de Genève (BCGE) is acquiring a strategic stake in Finnova, marking a new stage in their partnership.
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