Some customers were caught off guard by the turmoil, at odds with Switzerland's reputation as as stable banking haven
The European Central Bank said it's monitoring current market tensions closely
Geopolitical tensions and OPEC+ to keep prices elevated in short term
3.5% growth could mask private consumption contraction
December rate of 9.2% down from 10.6% in October but energy prices up 25.7%
The Bank of England and Swiss National Bank also dialed back their increases
CPI in the 19 countries hit 10% in November, down from 10.6% in October for the first decrease since June 2021
Britain’s GDP dropped 0.6% in September while recession will start in Q4 for most EU nations
The ECB raised interest rates again on Thursday, with more expected to come
Christine Lagarde said the bank's baseline scenario was subdued economic growth
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