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Economic and Monetary Developments – Autumn 2025

The quarterly report assesses current economic and monetary developments and provides economic projections for the medium term.

  • US-EU tariff agreement dampens trade policy uncertainty
  • The economy expected barely to grow in the near-term with new headwinds ahead
  • Negative trends in the labour market still in place
  • The increase in projected inflation stems from regulated energy price increases
  • Consolidation measures should bring deficit to government target
 
 
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