UBS CEO Sergio Hermotti warned that despite increasing geopolitical and economic risks, investors have gradually developed complacency over the past few years and have downplayed these risks. In an interview, Ermorty said, “There has been a certain degree of complacency in the financial market over the past few years.” Currently, the global market is facing multiple risks: the US-Iran conflict and the Russian-Ukrainian conflict are jointly driving up global energy and shipping risks and disrupting the global supply chain; rising borrowing costs in many countries compounded by stubborn inflation, which is putting downward pressure on economic growth.

UBS CEO Sergio Hermotti warned that despite increasing geopolitical and economic risks, investors have gradually developed complacency over the past few years and have downplayed these risks. In an interview, Ermorty said, “There has been a certain degree of complacency in the financial market over the past few years.” Currently, the global market is facing multiple risks: the US-Iran conflict and the Russian-Ukrainian conflict are jointly driving up global energy and shipping risks and disrupting the global supply chain; rising borrowing costs in many countries compounded by stubborn inflation, which is putting downward pressure on economic growth.