Economic and Monetary Developments – Winter 2025
The quarterly report assesses current economic and monetary developments and provides economic projections for the medium term.
- Global economy remains resilient, outlook more favourable
- Expected GDP growth remains sluggish in 2026
- Inflation expected to ease further
- 2026 public finance deficit now significantly above target
- Debt stabilisation remains a major challenge
- Uncertainty remains very high, risks mostly on downside for growth and balanced for inflation
