Anastassios Frangulidis, Head of Swiss Multi Asset, Pictet Asset Management:

«Positive Prospects for Most Portfolios.» (Image: Courtesy)

Will the disinflationary trend continue? This will be the central question for private investors in Switzerland and beyond in the coming year. Over the past year, inflationary pressures in the U.S. and other regions have eased. Goods prices are falling in many countries, including Switzerland, while service prices are rising at a slower pace than before.

With the 2 percent inflation target attainable in many countries, central banks are expected to continue their rate-cutting cycles. As the global economy grows moderately—alongside corporate earnings—the outlook for most asset classes and Swiss investor portfolios is positive.

However, significant risks to inflation and financial markets could arise from highly protectionist trade policies and restrictive immigration measures.