Tariffs, Stimulus, and Swiss Real Estate: Insights from UBS Switzerland Chief Economist Dr. Daniel Kalt
11.03.2025

Tariffs, Stimulus, and Swiss Real Estate: Insights from UBS Switzerland Chief Economist Dr. Daniel Kalt

How do global economic shifts impact Switzerland? UBS Switzerland Chief Economist Daniel Kalt shares insights on U.S. tariffs, European stimulus, and the SNB’s next move.

In this edition of PSP Swiss Property Broadcast, Daniel Kalt, Chief Economist and Chief Investment Officer Switzerland at UBS talks to Giacomo Balzarini about the latest global economic developments and their implications for Switzerland.

With new U.S. tariffs announced by President Trump and a shift in European economic policy—including Germany’s significant fiscal stimulus package—we discussed potential effects on Swiss businesses, interest rates, and the real estate sector.

Another topic was the Swiss National Bank's upcoming rate decision on March 20th. Will the SNB adjust its stance? And how will bond markets react in the medium term?