What happened in the third quarter of 2025?
- Switzerland: the Swiss National Bank signals a possible economic slowdown in 2026
- USA: macroeconomic data confirm the economy’s resilience, although the labor market shows signs of weakness
- Europe: moderate growth, amid German fiscal stimuli yet to take effect, political turmoil in France, and the introduction of 15% tariffs on bloc products
These are just some of the themes that characterized the third quarter of 2025. Discover more details and other insights by browsing through our quarterly report!