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EU predicts less eurozone 2026 growth due to trade tensions
EU predicts less eurozone 2026 growth due to trade tensions
by  AFP

The EU on Monday cut its eurozone growth forecast for 2026 as risks from international trade and geopolitical tensions weigh on Europe's economy. "Persistent trade policy uncertainty continues to weigh on economic activity, with tariffs and non-tariff restrictions potentially constraining EU growth more than expected," the commission said in a statement.

Swiss growth suffered from US tariffs in Q3: data
Swiss growth suffered from US tariffs in Q3: data
by  AFP

Switzerland's economy contracted in the third quarter of the year, suffering from high US tariffs which abruptly curtailed exports across the Atlantic, the economy ministry said on Monday. Employer federation Swissmem last week reported an overall 14.2-percent drop of Swiss exports to the US in the third quarter compared to the period a year earlier.

Asian markets struggle as fears build over tech rally, US rates
Asian markets struggle as fears build over tech rally, US rates
by  AFP

Asian markets struggled Monday on simmering concerns that the Federal Reserve will not cut interest rates as hoped next month, while fears of a bubble continue to weigh on sentiment. That has been compounded by a weakening US jobs market that has fanned expectations the Fed will cut rates.

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