Signaling that the Swiss economy is likely to contract in the next few months, the KOF Economic Barometer fell 0.35 points month-on-month to minus 0.39 in December, the KOF Economic Institute said Monday. Economists had expected a reading of minus 0.26. At the same time, the think-tank revised November's figure to minus 0.04 from minus 0.05.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.