We no longer expect an industrial production recovery in 2025, with industrial value-added growth forecast at just 0.2%, a 1.8ppt downward revision from our Q4 2024 update. Weak domestic demand has delayed the rebound, while structural challenges, like the erosion of EU competitiveness and rising competition from China, add further pressure.
- Please Note: Due to the brevity and/or nature of the content posted, there is no table of contents available for this report.
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