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Konrad K Häuptli

ABOUT THE AUTHOR

Konrad Häuptli graduated from the University of Berne, qualified as an attorney-at-law and was admitted to the Bar of the Canton of Berne. He joined HSBC in 2002 after working with Swiss Re for over 20 years. He then went on to work for KENDRIS in 2016 after retiring as former CEO of HSBC’s Trust Companies in Switzerland. Konrad Häuptli is a member of the Advisory Board of the Swiss Association of Trust Companies (SATC) and is also a member of mixed expert groups representing SATC. He has been managing family assets and has been involved in entrepreneurial activities, board assignments as well as private equity investments.
Outlook 2026: Higher Inflation and Weaker Investment
by Konrad K Häuptli | Jun 25, 2026 | Regulatory
k-flash audio commentOutlook 2026: Higher Inflation and Weaker Investment
k-flash audio commentOutlook 2026: Higher Inflation and Weaker Investment

The case

According to the latest KOF Consensus Forecast, Switzerland’s real, sports-adjusted GDP is expected to grow by 0.9 % in 2026 (Forecast March: 1.0 %).

Source: KOF

The commentary

Forecasts for equipment and construction investment have been corrected downward, while inflation expectations have edged at a higher level. The Swiss National Bank (SNB) is widely expected to keep its policy rate unchanged in the near future, although a modest increase in interest rates is anticipated over the medium term. The Swiss Franc is projected to strengthen further against the US Dollar while remaining broadly stable against the Euro. Meanwhile, the Swiss stock market is expected to deliver moderate gains over the coming twelve months.

For further details, please refer to the full report by clicking on this link.

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