Standardised coverage and timely analysis helping you to understa...
Standardised coverage and timely analysis helping you to understand the economic drivers, including GDP, external trade, consumption and leading indicators such as business and consumer confidence, underpinning consumer markets.
In 2023, Sweden’s economy contracted slightly, with a decline in private spending and housing investment. However, the economy is projected to improve in 2024, with a forecast compound annual growth rate of 1.7% over 2023-2028. Furthermore, inflation…
In 2023, Spain’s economy demonstrated a degree of resilience, with real GDP growth of 2.5%, outperforming the Western European average, despite the environment of geopolitical instability, high inflation and elevated burrowing costs. However, a…
In 2023, the Netherlands’ economic growth decelerated, due to subdued private expenditure and a drop in exports. However, the economy was supported by increases in public spending and gross fixed capital formation. Despite the slowdown in economic…
In 2023, Portugal’s economy grew by 2.2%, outperforming Western Europe’s average, supported by increases in private spending, public consumption, and a thriving tourism industry. However, a slowdown is expected in 2024, due to a challenging external…
In 2023, Turkey’s real GDP growth slowed to 2.8% amid tight financial conditions and surging inflation, but it outperformed Western Europe’s average growth. Furthermore, Turkey’s inflation levels decreased to 53.9% in 2023, following a change in the…
Ireland’s real GDP contracted in 2023, primarily due to subdued foreign demand, which negatively affected export-focused industries, and sluggish private investment. In 2024, Ireland’s economy is projected to rebound, underpinned by a robust labour…
In 2023, Greece’s GDP growth slowed to 2.2%, but outperformed Western Europe’s average. Economic growth was driven by private spending, gross fixed capital formation, and a resurgence in tourism, although it was hindered to some extent by sluggish…
In 2023, France’s GDP growth slowed to 0.7%, underperforming Western Europe’s average, weighed down by high inflation, stringent financial conditions and sluggish public consumption. The country’s economic growth is projected to pick up in 2024,…
In 2023, Switzerland’s GDP growth slowed to 0.7%, dragged down by subdued private investment and public consumption. Following this deceleration in 2023, the Swiss economy is projected to grow by 1.2% in 2024, primarily driven by domestic activity.…
In 2023, Denmark's real GDP growth slowed to 1.4%, yet outperformed the Western European average. Despite a rise in private spending and exports, the economy was hindered by sluggish public consumption and increased interest rates. Over the forecast…
In 2023, the UK’s GDP growth slowed considerably, to 0.1%, with the last two quarters of 2023 seeing a contraction in GDP. Despite receding inflationary pressures, inflation remains above the Bank of England’s target, while households are pressured…
In 2023, real GDP growth in Norway slowed to 1.2%, due to a drop in household consumption, but it continued to outperform the Western European average, thanks to strong per capita expenditure. Despite declining imports and exports, due to global…
In 2023, Germany’s economy contracted by 0.3%, due to sluggish spending, which was impacted by high inflation and stricter financing conditions. However, an improvement is expected in 2024, with projected GDP growth of 0.2%, while inflation is set to…
Finland’s economic growth stagnated in 2023, despite a rise in public consumption. In the near future, the country’s economic development is projected to improve with the help of the Next Generation EU scheme, although sluggish growth in private…
In 2023, Belgium’s economy slowed but still outperformed Western Europe’s average, driven by private and public spending, and a strong services sector. However, projections for 2024 suggest a further deceleration and a widening budget deficit.…
In 2023, Austria’s real GDP contracted by 0.7%, which was below Western Europe’s average growth. The economic slowdown was attributable to high inflation, rising interest rates, labour shortages and sluggish public consumption and investment. Going…
This briefing provides a global perspective of the key trends occurring in cities over 2018 -2023. It goes on to provide forecast data and insights for cities over 2024-2040, covering areas such as the economic, population and consumer spending…
Global growth is set to slow in 2024 as a result of high cost pressures for businesses and consumers, especially high interest rates. Asia Pacific will continue to stand out as the main global growth region while advanced economies decelerate.…
Although Monaco enjoys political stability, questions remain over transparency in financial services. Given that tourism is a significant revenue earner, Monaco’s economy experienced a severe recession stemming from the Coronavirus (COVID-19)…
Malta is mostly free, helping businesses to flourish, but corruption is relatively widespread compared to regional peers. Foreign investors flock to the island, eager to participate in the financial services sector, but dependence on tourism and…