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  • The Swiss economy eked out growth of 0.2% in Q4 after shrinking in Q3. Q1 looks set to be better. 
  • EZ industry had a challenging December, and surveys point to downside risk in early Q1. 
  • We think it is only a matter of time before EU leaders get serious about joint borrowing for defence. 

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Keywords for: 17 February 2026 Eurozone Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence