29.11.2024
Is the victory over inflation final?
In this podcast, our Chief Economist Patrice Gautry talks about the UBP Global Investment Committee’s views on economic growth, inflation, and interest rates in 2025.
Patrice Gautry
Chief Economist
Geneva, Switzerland
French, English
Patrice has been UBP’s Chief economist for over 15 years and has nearly 30 years’ experience in macroeconomics and investment strategy.
He joined Union Bancaire Privée (UBP) in Geneva in February 2000 and heads the Bank’s Economic and Thematic Research department. Prior to that, from 1991 to 1999, he worked in the Institutional Asset Management department of HSBC Group in Paris as head of economics and investment strategy. From 1988 to 1991, he was a manager of European diversified SICAV and mutual fund portfolios for the Ecofi-Finance Group.
Patrice holds a research master’s degree in Economics from the HEC-CESA Paris and the University of Orléans, with specialisations in currency, finance and banking.
Explore more from Patrice
17.06.2024
2024 US elections come into view
Our experts examine the tumultuous US election landscape and historical market behaviour during election years, as well as anticipate the fiscal challenges awaiting the next president amidst record-high US federal debt levels.
26.01.2024
“Budget deficits are growing even wider”
Confirmation that inflation is falling around the world could be the best news we get in 2024.
23.11.2023
UBP Investment Outlook 2024
UBP’s experts present their investment convictions for the upcoming year in their “Back to the Future” roadshow.
22.11.2023
Looking Beyond China
As UBP launches into Investment Outlook 2024, this year titled Back to the Future, our Co-CEO Asset Management & Head of Investment Management Michaël Lok, Group Chief Strategist Norman Villamin, and Chief Economist Patrice Gautry shine a spotlight on one of its key themes: looking back at events that have led China into a post-bubble restructuring process. Our expert recommends that during this phase China-focused investors look beyond the world’s second-largest economy at other dynamic markets, such as India.
17.03.2023
Learning from the mistakes of the 1970s
2023 began with market optimism that the US could successfully navigate its battle with inflation. Recent data have confirmed our suspicions that getting inflation back to the Fed’s 2% target will be more challenging than markets had been assuming.
04.01.2023
Towards a change of cycle
Delano (12.2022) - For Patrice Gautry, Chief Economist at Union Bancaire Privée (UBP), 2023 should mark the beginning of a new cycle that he hopes will be based on healthier foundations than the current one. This will take a few more months. In the meantime, he believes that bonds are regaining real interest.
23.11.2022
UBP Investment Outlook 2023
UBP’s experts unveil their investment views for the upcoming year in the “Walking the tightrope” roadshow.
15.06.2022
Investment Outlook 2022 – mid-year update
The investment landscape has changed substantially in the last six months: conflict has broken out in Ukraine, leading to various geopolitical and social ramifications, and inflationary pressure has been rising and remains a concern across many regions.