News : Economic situation

The Economic Survey 2019-2020 shows that financial intermediaries posted solid growth this past year despite a difficult context and growing pressure on margins.

This activity report provides an overview of the main issues that were addressed by the Geneva Financial Center (GFC) and their progress over the past 12 months. We welcome the fact that forces are now converging from all sides to focus on the essentials and, by doing so, further enhance Geneva’s special strengths, which make it one of the world’s leading financial centers.

The banking sector is a major contributor to the GNP of the canton of Geneva (12%). Financial institutions report a positive outlook for 2018 and 2019. To enable them to continue to act as a main driver of the economy, the Geneva Financial Center supports strong partnerships between the public and private sectors.

The 2018–2019 Economic Survey indicates that financial institutions are confident about the future.