According to Serbian Economist , Spain’s economy grew by 0.8% in the second quarter of 2025 compared to the previous three months, according to final data from the national statistics agency INE. The increase in GDP compared to the same period last year is 3.1%.
Consumer spending in Spain in April-June grew by 0.8% compared to the previous quarter, business investment by 1.8%, and government spending by 0.1%.
Exports of goods and services rose by 1.3%, imports by 1.6%.
Industrial production increased by 0.9%, the service sector showed an increase of 1%, and the construction industry by 2.3%.
In the first quarter, the country’s GDP grew by 0.6% quarter-on-quarter and by 2.8% year-on-year.
The UK economy grew by 0.3% in the second quarter of 2025 compared to the previous three months, according to the latest data from the Office for National Statistics (ONS). The result coincided with both the preliminary estimate and the consensus forecast of analysts polled by Trading Economics.
Thus, the pace of GDP growth slowed from 0.7% in the first quarter.
In April-June, the services sector grew by 0.4%, the construction sector by 1%, while the manufacturing sector contracted by 0.8%.
Consumer spending increased by 0.1%, and government spending by 1.3%. Business capital investment increased by 0.5% (previously reported as a 1.1% decline).
Exports decreased by 0.2% (the decline was recorded for the third quarter in a row), while imports remained unchanged.
British GDP growth in the second quarter was 1.4% compared to the same period last year. Previously, it was reported an increase of 1.2%.
Earlier, the Experts Club analytical center released a video on the economic performance of Ukraine and major countries of the world – https://youtu.be/kQsH3lUvMKo?si=dhZl9SIChwDiTinw
Industrial production in Ukraine increased by 3.2% in July 2025 compared to July last year. This is the second consecutive month of growth: in June, the indicator rose by 2.9%, while in May and April, a decline was recorded, according to the State Statistics Service.
In January-July 2025, the total volume of industrial production was 3% lower than in the same period of 2024. The decline in the extractive industry was 11.1%, and in the production of coke and petroleum products, 6.3%.
The volume of industrial products sold over seven months reached UAH 2,296.5 billion, of which UAH 406.4 billion was accounted for by exports.
The main industries that showed growth in July compared to last year were:
– pharmaceuticals — +23.6%;
– furniture manufacturing — +22%;
– rubber and plastic products manufacturing — +12.7%;
– electricity, gas, and steam supply — +10.2%;
– woodworking — +8.4%;
– food industry — +3.4%;
– coke production — +2.5%;
– electrical equipment — +1.8%;
– automotive industry — +0.5%;
– oil and gas production — +0.4%.
At the same time, there was a decline in:
– coal mining — by 1.6%;
– metal ore mining — by 7.7%;
– textile manufacturing — by 7.1%;
– computer and electronics manufacturing — by 6%;
– metallurgy — by 0.8%;
– mechanical engineering — by 0.1%.
Interestingly, the mining and quarrying segment recorded growth of 49.1%.
Compared to June 2025, industrial production in July increased by 0.6%.
In 2024, industrial production in Ukraine grew by 4.6%.
According to Maxim Urakhin, co-founder of the Experts Club analytical center, July’s growth shows that Ukraine’s industry is gradually adapting to military conditions and external challenges:
“We are seeing a local recovery in pharmaceuticals, wood processing, and energy. These are the sectors that respond most quickly to domestic demand and the needs of the economy. However, the decline in metallurgy and mining reminds us of structural problems: export-oriented industries continue to suffer from logistics and declining global demand. By the end of the year, industry may show a moderate recovery, but investment in modernization and expansion of export routes is necessary to achieve sustainable growth,” Maxim Urakin noted.
Ukraine’s real gross domestic product (GDP) grew by 0.8% in the second quarter of 2025 compared to the second quarter of 2024, while in the first quarter of this year the same indicator was 0.9%, according to the State Statistics Service.
According to its data, compared to the previous quarter, taking into account seasonal factors, real GDP increased by 0.2%.
As reported, in July, the NBU once again lowered its expectations for Ukraine’s economic growth this year to 2.1% from 3.1% in its April macroeconomic forecast, while the Ministry of Economy and the government maintain their forecast of 2.7%.
The National Bank of Ukraine estimated real GDP growth in the second quarter of 2025 at 1.1% compared to the same period last year, while previously forecasting it at 1.6%. According to its updated forecast, real GDP growth in the third quarter of this year has been revised down to 2.4% from 3.5%, and in the fourth quarter to 3.5% from 5.9%.
According to the State Statistics Service, Ukraine’s GDP growth slowed to 2.9% in 2024 from 5.5% in 2023, following a 28.8% decline in 2022, the first year of full-scale Russian aggression. In the fourth quarter of last year, GDP fell by 0.1% after growing by 2.2% in the third quarter, 4.0% in the second quarter, and 6.8% in the first quarter.
The NBU forecasts GDP growth of 2.3% for next year, while the government forecasts 2.4%.
Earlier, Experts Club analyzed the state of the economy in Ukraine and leading world countries. For more details, see the video at https://www.youtube.com/watch?v=kQsH3lUvMKo&t
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The Asian Development Bank (ADB) has lowered its economic growth forecast for developing countries in the Asia-Pacific region in 2025 to 4.7% from the 4.9% expected in April.
The GDP growth estimate for next year has been lowered to 4.6% from 4.7%.
“The downward revision reflects expectations of weaker exports amid higher US import tariffs and global trade uncertainty, as well as weaker domestic demand,” the ADB said in a report.
The outlook for the Asia-Pacific region could be further undermined by escalating US tariffs and trade tensions, experts say. Other risks include conflicts and geopolitical tensions that could disrupt global supply chains and lead to higher energy prices, as well as a more serious than expected deterioration in China’s real estate market.
“The economic outlook has deteriorated amid rising risks and global uncertainty,” said Albert Park, chief economist at the ADB. “Economies in the region should continue to strengthen their fundamentals and promote open trade and regional integration to support investment, employment, and growth.”
Inflation in developing Asia-Pacific countries is projected to continue slowing amid lower oil prices and high agricultural production, which will ease pressure on food prices. The ADB forecasts inflation at 2% this year and 2.1% in 2026, compared with April estimates of 2.3% and 2.2%, respectively.
The bank’s analysts still expect China’s GDP to grow by 4.7% in 2025 and 4.3% next year. Inflation this year is expected to be 0.2% (in April it was predicted to be 0.4%), and in 2026 – 0.4% (0.7%).
South Korea’s economy will grow by 0.8% this year, while previously a 1.5% increase was expected. The growth estimate for 2026 has been lowered to 1.6% from 1.9%.
India’s GDP is forecast to grow by 6.5% this year and 6.7% next year. The previous forecast predicted growth of 6.7% and 6.8%, respectively.
The ADB still expects Indonesia’s economy to grow by 5% in 2025 and 5.1% in 2026.
The ADB was established in 1966. Its shareholders are 69 countries, 49 of which are located in the Asian region.
The bank considers 46 of these countries to be developing Asian countries.
Germany’s central bank does not expect the country’s GDP to grow in April-June 2025 after an unexpected rise in the first quarter. The economy has “probably stagnated” and the underlying trend is still characterized as “generally weak,” according to the Bundesbank’s monthly report.
The central bank warned that the introduction of 30% import duties recently announced by US President Donald Trump would create a “significant risk of economic decline.”
“In the short term, Germany’s export industry will face additional obstacles in the form of US tariff policy,” the Bundesbank said in a report.
Germany’s economy grew by 0.4% in the first quarter of 2025 compared to the previous three months. The GDP growth rate was the highest since the third quarter of 2022. However, this increase is largely due to attempts by businesses and exporters to get ahead of US duties.
Preliminary data on the dynamics of Germany’s GDP in the second quarter will be published on July 30.
Earlier, the Experts Club information and analytical center made a video analysis of the prospects for the Ukrainian and global economies, see more in the video – https://youtu.be/kQsH3lUvMKo?si=F4IOLdLuVbYmEh5P
