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1、 Management Solutions 2025.All rights reserved.R&DGlobal Global macroeconomicmacroeconomic outlookoutlook reportreportSecond quarter of 2025 Management Solutions 2025.All rights reserved.Management Solutions,2025All rights reserved.Cannot be reproduced,distributed,publicly disclosed or transformed,w

2、hether totally or partially,free of charge or at no cost,in any way or by any means,without the express written authorization of Management Solutions.The information contained in this publication is merely to be used as a guideline,is provided for general information purposes and is not intended to

3、be used in lieu of consulting with our professionals.Management Solutions is not liable for any use that third parties may make of this information.The use of this material is not permitted without the express authorization of Management Solutions.Design and LayoutMarketing and Communication Departm

4、entManagement Solutions Photographs:Photographic archive of Management SolutionsiStock Management Solutions 2025.All rights reserved.The purpose of this report is to present the keymacroeconomic indicators for the main economiesin which Management Solutions operates.Following an overview of trends a

5、nd forecasts fromkey organizations,the report provides a country-by-country analysis for Europe,the Americas and maincountries from Asia,Africa and Oceania.FOTO4Global macroeconomic outlook report4International OverviewInternational OverviewAmericasAmericasEuropeEuropeAsiaAsiaGlossary of termsGlossa

6、ry of termsAnnexAnnex66992626363645454646SpainSpainPolandPolandPortugalPortugalUnited KingdomUnited KingdomGermanyGermanyFranceFranceBenelux:BelgiumBenelux:BelgiumBenelux:LuxembourgBenelux:LuxembourgBenelux:NetherlandsBenelux:NetherlandsItalyItalyNordics:NorwayNordics:NorwayNordics:SwedenNordics:Swe