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20th Feb 2023 15:17Eurozone, Daily Monitor

  • The Swiss economy likely stalled in Q4; royalties from the World Cup prevented an outright decline.
  • Risks to Q1 GDP growth in Switzerland are tilted to the downside, but we see no recession.
  • EZ construction flat-lined in Q4, and we think output will decline by 0-to-0.5% in the first quarter.

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Keywords for: 21 Feb 2023 Eurozone Monitor

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