The Geneva Financial Center carried out this Economic Survey according to the methodology used in previous years. The survey is sent to directors of banks and independent asset managers in Geneva every year in June. The results presented in the following pages reflect their analyses and perceptions.
The survey provides long-term data and is therefore a useful tool to measure changes in opinion among financial intermediaries regarding business performance and the outlook for the Geneva financial center.
The results of the 2017-2018 Economic Survey show that financial intermediaries are feeling confident about the future. Several indicators have improved: balance sheets are positive and assets under management have risen. On the jobs front, the financial sector currently employs 35,600 people. Unemployment figures have remained stable, and most banks expect to hire new staff in 2018. The financial sector accounts for 12% of cantonal GDP, making it one of the main drivers of the Geneva economy.