Category: International Trade
Europe International Trade
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Macroeconomic Outlook Report: Hungary
... In nominal terms, the three sectors are forecast to grow by 7.8%, 6.0%, and 7.1% in 2025, respectively. Budapest and Gyor-Moson-Sopron accounted for approximately 53.8% of Hungarian GDP (2024) and 36.3% of the country’s population ... Read More
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How Tariff Threats Are Impacting the European Print Services Market
This IDC Market Note looks at how the threat of tariffs is already impacting the print services market in Europe. Read More
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Macroeconomic Outlook Report: Slovakia
... (11.5%). In nominal terms, the three sectors are expected to grow by 5.4%, 6.4%, and 9.2%, respectively, in 2025. Three major cities in Slovakia accounted for 38.8% of the country’s population and contributed 52.1% of ... Read More
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Macro - Country Economic Forecasts - Iceland
... and 1.1% next. Extreme trade policy uncertainty and US tariffs will impact external demand and investment. We expect price pressures to continue giving way gradually, with inflation averaging 3.6% in 2025 and 2.7% in 2026. Read More
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Macro - Country Economic Forecasts - Luxembourg
... over the year following data revisions. However, a more challenging growth outlook after US liberation day prompted us to revise annual GDP growth to 1.8% for 2025, which is 0.4ppts lower than our previous baseline. Read More
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Macro - Country Economic Forecasts - Estonia
... We don't expect the trade war launched by the US to directly impact Estonia's growth much, but the indirect effects will be negative on the margin for the trade-intensive economy. Therefore, we have lowered our ... Read More
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AWAreness™ Report Global Influx: Analyzing the Impact of Overseas Imports on North America and Europe
... trends Based on in-depth qualitative and quantitative research Import statistics The global label material industry has witnessed significant shifts in trade patterns, with an increasing influx of label materials from Asia, particularly China, into key ... Read More
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Analysis by Region - Emerging Markets - Croatia
... as US President Donald Trump's trade war escalates. But Croatia should remain one of the fastest-growing Eurozone economies this year and next, thanks to loose fiscal policy, a thriving tourism sector, and significant EU investment. Read More
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Macro - Country Economic Forecasts - Slovak Republic
... weigh on capital spending. The domestic economy will continue to be affected by ongoing fiscal consolidation, with rate cuts providing only a modest boost. We expect GDP will grow by 2% in 2025, but risks ... Read More
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Slovenia In-depth PEST Insights
... analysis.Synopsis Understand the political system in Slovenia through analysis of key figures in the country and governance indicators. Understand the economic situation in Slovenia through a balanced assessment of core macroeconomic issues. Understand customer demographics ... Read More
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Macro - Country Economic Forecasts - Lithuania
... fixed investment, following two consecutive quarters of contraction. We think that strong household balance sheets will mean that consumer spending growth will accelerate this year even with heightened inflationary pressures; however, continued trade policy uncertainty ... Read More
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Macroeconomic Outlook Report: Poland
... and hotels activities (17.4%). In nominal terms, the three sectors are expected to grow by 7.6%, 8.0% and 7.4%, respectively, in 2025. According to GlobalData estimates, Warsaw city, Katowice, Krakow, Poznan and Gdansk accounted 38.8% ... Read More
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Macro - Country Economic Forecasts - Netherlands
... making them dearer, but they will also hit demand for Dutch-produced inputs into other countries' US-bound exports. We expect inflation to average 2.7% in 2025 and 2.2% in 2026, with the tariff hit to demand ... Read More
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Reciprocal Tariff Exemptions and International Responses
... suspended for 90 days for most countries (except China), this policy signals a return to "America First" principles, with tariffs becoming a central trade policy tool to reshape global supply chains and stimulate domestic manufacturing. ... Read More
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Macro - Country Economic Forecasts - Denmark
... affect Denmark's growth outlook due to the importance of pharmaceutical production for the economy. Weaker global demand after US President Donald Trump stepped up the global trade war will also adversely impact Denmark's highly open ... Read More
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Macro - Country Economic Forecasts - Spain
... current trade war with the US than other European countries, and activity will continue to be propped up by a strong tourism sector and consumer spending. However, we have lowered our GDP growth forecast for ... Read More
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Macro - Country Economic Forecasts - Germany
... in 2026. This stability reflects the positive effects of the initial impact from Germany's fiscal sea change offset by the weaker and more uncertain global backdrop in light of the shifts in US trade policy. Read More
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Macro - Country Economic Forecasts - Greece
... The US administration's erratic trade policy prompts a downward revision of our GDP growth forecast for Greece. This primarily reflects reduced goods exports and fixed investment, as tariff-related uncertainty persuades firms to delay investment projects. Read More
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Macro - Country Economic Forecasts - Austria
... gradually improving towards year-end. US tariffs on EU goods, particularly the 25% tariffs on cars, pose significant headwinds for Austrian industry. We expect this to be partially offset by increased German fiscal spending next year, ... Read More
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Ukraine In-depth PEST Insights
... analysis.Synopsis Understand the political system in Ukraine through analysis of key figures in the country and governance indicators. Understand the economic situation in Ukraine through a balanced assessment of core macroeconomic issues. Understand customer demographics ... Read More
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Slovakia In-depth PEST Insights
... analysis.Synopsis Understand the political system in Slovakia through analysis of key figures in the country and governance indicators. Understand the economic situation in Slovakia through a balanced assessment of core macroeconomic issues. Understand customer demographics ... Read More
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Macro - Country Economic Forecasts - Belgium
... 2026 as tight monetary policy unwinds and manufacturing recovers. However, tariffs and trade uncertainty will limit growth. We expect inflation will average 2.1% in 2025 and 1.7% in 2026, with tariffs hindering the disinflationary process. Read More
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Analysis by Region - Emerging Markets - Ukraine
... ceasefire would be largely symbolic. We therefore base our Ukraine forecast on the assumption that war will continue through most of 2025, with a ceasefire reached by 2026. We still anticipate GDP growth of 3.3% ... Read More
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Analysis by Region - Emerging Markets - Hungary
... weak external demand will weigh on growth in the near term. But the solid pre-electoral stimulus will support activity in Hungary later this year, and the European fiscal splurge will buoy foreign demand in 2026-2027. Read More
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Analysis by Region - Emerging Markets - Romania
... mean that the government will have to implement additional consolidation measures in H2 2025 to meet its fiscal targets. Meanwhile, greater global trade policy uncertainty is also expected to weigh on the outlook. However, we ... Read More
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