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Switzerland and United Kingdom seek closer cooperation on financial services

The Swiss and UK finance ministers, Federal Councillor Ueli Maurer and Chancellor of the Exchequer Rishi Sunak, signed a joint statement on deepening cooperation between the two countries in the area of financial services during a virtual meeting. They also exchanged views on the impact of the COVID-19 pandemic on the economic situation and financial markets, as well as on national bridging aid schemes for the economy.



Swiss Asset Managers‘ Survey: No rapid economic recovery in sight

Investment experts working at Swiss-based asset management firms have a distinctly negative view of the outlook for Switzerland’s economy and the financial markets as a result of the coronavirus crisis. Only a small minority expect a V-shaped economic recovery. Compared with other countries, however, the negative impact of the pandemic is likely to be much less severe for Switzerland.

Further interesting results from the half-yearly survey of asset managers can be found in the Swiss Asset Managers' Survey.