Economy in Focus #13 - 2025 outlook: Triumph or turmoil?

In the 13th edition of Economy in Focus, Intrum’s Senior Economist, Anna Zabrodzka-Averianovreflects on the key trends shaping the macroeconomic landscape in Europe in 2025. The report was published in February 2025.

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Interest rate cuts will continue—but at different speeds

While central banks are expected to ease policy rates throughout 2025, the pace will depend on inflationary pressures and economic performance. Some regions may experience quicker cuts, while others will need to maintain higher rates for longer to curb inflation.

Fiscal tightening could slow economic recovery

European governments are under pressure to balance budgets after years of stimulus spending. Reduced fiscal support could lead to slower growth, affecting businesses and employment levels across key industries.

Geopolitical risks threaten stability

From the return of Donald Trump to global trade tensions, political shifts in Germany and France, and ongoing conflicts in Ukraine and the Middle East, uncertainty remains a significant economic disruptor. Businesses should prepare for volatility in energy prices, supply chains, and investment confidence.

Anna Zabrodzka-Averianov, Senior Economist at Intrum

Comment from Intrum's Senior Economist:

"While a slow economic rebound looks likely, geopolitical upheavals and inflationary pressures cloud the outlook. Businesses and policymakers must prepare for both opportunities and risks in 2025."

Key trends shaping the economic landscape in 2025?

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Previous editions of Economy in Focus:

Economy in Focus #12 - 2024 year-in-review: The tides are turning

Intrum’s Senior Economist, Anna Zabrodzka-Averianov, reflects on the key trends that have shaped the macroeconomic landscape in Europe throughout 2024. From central banks navigating interest rate cuts to an uneven economic recovery and the recalibration of artificial intelligence (AI) investments, this year has underscored the complexities of restoring stability in a rapidly evolving world.

Economy in Focus #11 - The state of corporate and household credit in the EU

In the latest edition of Economy in Focus, Intrum’s Senior Economist, Anna Zabrodzka-Averianov, delivers key insights into the pressing issues surrounding corporate and household indebtedness in the EU.

Economy in Focus #10 - AI’s impact on macroeconomy

In the 10th edition of Economy in Focus, discover how Generative AI is revolutionising productivity and reshaping global economic landscapes. This in-depth report explores the transformative potential of AI technologies, their impact on markets, and the challenges they bring. Published in June 2024.

Economy in Focus #9 - Household savings and investments in a new age

In the 9th edition of Economy in Focus, Intrum’s Senior Economist, Anna Zabrodzka-Averianov, explores how European household savings and investment patterns are shifting in a post-pandemic world. This report was published in April 2024.

Economy in Focus # 8 - 2024 outlook: What to expect and prepare for

In the 8th edition of Economy in Focus, Intrum’s Senior Economist, Anna Zabrodzka-Averianov, offers a detailed outlook on the economic challenges and opportunities expected in 2024. This report, published in January 2024, examines inflation, credit tightening, and recovery scenarios.

Economy in Focus #7 - 2023 in Review – An economic potpourri

In the 7th edition of Economy in Focus, Intrum’s Senior Economist, Anna Zabrodzka-Averianov, reviews the economic challenges and developments of 2023. The report highlights inflation, property market declines, and regulatory changes. Published in December 2023.

Economy in Focus #6 - NPLs: A Decade-Long European Headache

In the 6th edition of Economy in Focus, Intrum’s Senior Economist, Anna Zabrodzka-Averianov, delves into the decade-long challenge of non-performing loans (NPLs) across Europe. This report explores the impacts of NPLs on the European economy and the strategies for addressing them. Published in September 2023.

Economy in Focus #5 – Four key challenges that European companies face

In the 5th edition of Economy in Focus, Intrum’s Senior Economist, Anna Zabrodzka-Averianov, examines the four key challenges that European companies face, including revenue disruptions, inflation fears, wage-setting struggles, and cost-cutting measures. Published in June 2023.

Economy in Focus #4 – Employment remains strong in Europe

In the 4th edition of Economy in Focus, Intrum’s Senior Economist, Anna Zabrodzka-Averianov, discusses Europe’s resilient labour market amidst economic challenges. The report highlights stable employment, falling real wages, and rising consumer confidence. Published in April 2023.

Economy in Focus #3 – Downturn on the housing market

In the 3rd edition of Economy in Focus, Intrum’s Senior Economist, Anna Zabrodzka-Averianov, provides insights into the downturn in Europe’s housing market, with a particular focus on the impact of rising interest rates on household debt. Published in February 2023.

Economy in Focus #2 – Generation X worst off

In the 2nd edition of Economy in Focus, Intrum’s Senior Economist, Anna Zabrodzka-Averianov, explores the record-low consumer confidence in Europe, the impact of rising inflation, and how Generation X is most affected. Published in December 2022.

Economy in Focus #1 – Inflation reaches highest level in decades

In the 1st edition of Economy in Focus, Intrum’s Senior Economist, Anna Zabrodzka-Averianov, discusses the record-high inflation levels across Europe, the sharp rise in energy prices, and the impact on consumer confidence. Published in September 2022.

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