Tuesday 08 Oct. 2019

Economic Survey 2019-2020

Framework conditions | Economic situation

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 Economic Survey 2019-2020 shows that financial intermediaries posted solid growth this past year despite a difficult context and growing pressure on margins. Several indicators are on the rise: both assets under management and net new inflows increased, with the Middle East emerging as a key geographical area. On the jobs front, the financial sector employs 35,000 people in Geneva. Most banks expect to staff numbers to remain stable in 2019, but are adopting a wait-and-see attitude for 2020.