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NEWS

Launch of BankMed (Suisse) SA new website

For its 35th anniversary, Bankmed (Suisse) SA is pleased to present you its new website. This is a first step in our comprehensive strategy to update our digital environment and upgrade our online banking facilities. Our target remains in improving customers’ experience while maintaining our strong bespoke and personalized philosophy.

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As we get closer to the U.S. presidential election which will occur on November 3rd, we wanted to assess the potential impact on different economic sectors in the event of the re-election of candidate Trump or the nomination of candidate Biden for president. Based on the elected candidate, changing or maintaining economic policy will have a significant effect on certain sectors of activity.

Rising public deficits coupled with rising external deficits (twin deficits) have caused the Turkish lira to drop sharply. Since the last financial crisis in 2008, the lira has devalued by about 17% per year against the dollar. Over the period, the parity went from 1.20 to 7.80, thus reaching its historical high against the dollar (i.e. its lowest valuation)! This year, the TRY lost more than 30% against the greenback.

Since the mid-2000s, global growth forecasts have been falling and the period we are going through is only accentuating the trend

Dans quelle mesure pensez-vous que Next Generation EU, le plan de relance de 750 milliards d’euros…

The global economy is constantly changing and the period we are going through has set in motion profound trends.