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We conclude our current private debt world tour with stops last week in Geneva and Zurich.
As was the case with our previous visits in various overseas capitals, investors shared similar concerns about the world of volatile liquid markets and the relative stability and value in private markets. And as was the case with other geographies, Switzerland has its own unique economic backdrop.
The Swiss economy, while losing steam since early 2022 (see our Chart of the Week), remains in positive territory. Contrast its 0.6% 1Q 2023 GDP with neighboring Germany in a technical recession after its negative 0.3% and negative 0.5% for the previous two quarters, respectively...
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