Global Trade Dynamics

Swiss GDP slowed to 0.1% in Q2 2025 as US tariffs hit exports, but services and structural strengths kept growth resilient. Outlook hinges on trade talks and sector resilience.

Risk appetite is surging. Cash levels hit a decade low, equities overweight, and optimism abounds. But beneath the rally lie fragilities: overvaluation, crowded trades & policy risk.

India faces rising tariffs and oil risks, with $87B in exports under pressure and growth concerns mounting. Yet structural strengths remain compelling. Trade talks are set to resume, U.S. exposure is limited, and earnings forecasts are strong. Domestic flows continue to build resilience. At Intrasia Wealth, we see short-term volatility as a long-term opportunity, powered by consumption, reform, and retail participation.

China shifts from West to Global South. Trade flows reveal strategy, not just commerce, reshaping tomorrow’s investment landscape.