Green Shoots Everywhere
The month of April is known in Switzerland for choppy weather. This year, too, summery days were followed shortly by wintry snow showers. In the end, however, spring will prevail with warmer weather. The global economy is also going up and down due to COVID-19 lockdowns. Hopes for widespread vaccination are being countered by rising infection rates in many regions. However, the green shoots seem to be gaining ground and macro data are signaling that we are in for a summer of very positive economic numbers. To a large extent, financial markets are already anticipating this. But as long as we take two steps forward and only one back, the potential does not seem to be exhausted yet.