Conjoncture Flash December 2025: A positive third quarter for GDP
GDP results for the 3rd quarter, with major support from financial activities, confirm the recovery trend, although it remains unbalanced across the various sectors. Investment was largely boosted this quarter by satellite acquisitions.
- Worrying trade tensions
- Monetary easing in the United States and India
- Two years of strong growth for life insurance
- Higher refining margins on petroleum products
- Acceleration in labour costs in Germany and Luxembourg, slowdown in Belgium and France
- Ageing of the working population
- Gas stock levels in Europe lower than in previous years
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