Market Commentary 2nd Quarter 2023
Markets and the economy in times of banking stress
In the first quarter of 2023, equities were able to generate a positive return. Nevertheless, we are still in an environment in which a balance has to be found between growth, inflation and interest rates following major monetary and fiscal policy interventions during the pandemic.
With the loss of confidence in banks, financial stability is threatened, which has led to another factor of uncertainty.
Dr. Matthias Ramser and Patrick Erne give an assessment of the financial sector in the video and discuss the impact of banking stress on our scenarios and recommendations.