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The eurozone starts 2026 on an encouraging footing
If Americans weren't so eager to wage war on their obesity, growth in the eurozone would have been 40% lower in 2025 (explained hereafter in this Flash). But let's not be picky: 1.5% growth in a very turbulent international environment is a satisfactory result. Contributions to growth vary widely. Two countries, Ireland and Spain, representing 20% of the zone's GDP, will account for over 60% of the increase in real GDP in 2025. A rebalancing is hoped for in 2026 in the form of a recovery in the German economy thanks to its stimulus plan. The external environment, marked by US protectionism and aggressive competition from China, will remain a brake.
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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