The Swiss economy contracted by 0.5% in the third quarter of 2025 compared to the previous quarter due to a decline in exports amid the trade conflict with the United States.
Official data confirmed the preliminary estimate announced at the beginning of last week.
This is the first decline in the Swiss economy since the second quarter of 2023.
In August, the US imposed a 39% tariff on imports from Switzerland, the highest rate among all developed economies. The countries later concluded a trade agreement, and the tariff was reduced to 15%.
‘The data should be viewed in the context of recent volatility in foreign trade,’ the press release said. ‘Strong exports of chemical and pharmaceutical products in anticipation of changes in US foreign trade policy triggered a compensatory decline in the following months.’
According to revised data, Swiss GDP grew by 0.2% in April-June (previously estimated at 0.1%).
Earlier, the Experts Club information and analytical centre made a video analysis of the prospects for the Ukrainian and global economies. For more details, see the video — https://youtu.be/kQsH3lUvMKo?si=F4IOLdLuVbYmEh5P
Germany’s GDP remained unchanged in the third quarter of 2025 compared to the previous three months, according to final data from the Federal Statistical Office.
This coincided with both the previously announced data and the consensus forecast of analysts surveyed by Trading Economics.
Germany’s economy grew by 0.3% year-on-year in the third quarter. This figure was also unchanged and in line with experts’ expectations.
“Weak exports had a dampening effect on economic activity in the third quarter, while capital expenditure increased slightly,” said Destatis President Ruth Brand.
Government spending in July-September remained unchanged from the previous three months, while capital expenditure rose by 0.3%. At the same time, consumer spending fell by 0.3%, the first decline in seven quarters.
Exports of goods and services fell by 0.7%, while imports remained unchanged.
In the second quarter, Germany’s GDP fell by 0.2% q/q and rose by 0.3% y/y.
Earlier, the Experts Club information and analytical center released a video analysis of global economic trends and the outlook for the world’s major economies until the end of 2025 – https://youtu.be/kQsH3lUvMKo?si=LnQWU3r2Kd5HesPh
Source: http://relocation.com.ua/germanys-gdp-remained-unchanged-in-the-third-quarter/
Spain’s GDP grew by 0.6% in the third quarter of 2025 compared to the previous three months, according to preliminary data from the national statistics agency INE. Economic growth compared to the same period last year was 2.8%.
Analysts had forecast an average increase of 0.6% for the first indicator and 3% for the second.
The pace of growth slowed: in the second quarter, GDP rose by 0.8% quarter-on-quarter and 3.1% year-on-year.
Consumer spending in Spain rose by 1.2% in July-September compared to the previous quarter, business investment by 1.7%, and government spending by 1.1%.
Exports of goods and services fell by 0.6%, while imports rose by 1.1%.
Industrial production rose by 0.5%. The services sector showed an increase of 0.8%, and the construction industry also rose by 0.8%.
http://relocation.com.ua/vvp-ispanii-v-iii-kvartali-zris-lyshe-na-06/
China’s economy grew by a minimal 4.8% year-on-year in the third quarter of 2025, according to a report by the National Bureau of Statistics. GDP growth slowed from 5.2% in April-June. Analysts also expected growth to slow to 4.8% on average, according to Trading Economics.
China’s GDP growth in July-September was 1.1% compared to the previous three months (with an average forecast of 0.8%). In the second quarter, the figure increased by a downwardly revised 1% quarter-on-quarter.
In January-September, the economy grew by 5.2% year-on-year to 101.5 trillion yuan ($14.24 trillion).
China’s disposable income per capita rose 5.1% to 32,510 yuan in the first nine months, according to the NBS.
At the end of 2024, the Chinese economy grew by 5%, and the same growth is envisaged in the socio-economic development plan for 2025.
The Glovo courier delivery service, which began operating in Ukraine in 2018, has invested more than EUR 160 million in the business during this time, said Marina Pavlyuk, CEO of Glovo in Ukraine, at the Kyiv International Economic Forum (KIEF) on Thursday.
“We are ready to invest more. This year, probably around EUR 25 million, but security and guarantees are still an open question. For now, we are relying on the initiative of investors and the dedication of our team, which is ready to convince investors that we need to work here despite all the challenges,” Pavliuk said, according to a correspondent from the Interfax-Ukraine news agency.
According to her, six years ago, the relevant committees of the Rada began working on a mechanism that could regulate the issue of “self-employed” in this market, but only on October 15 this year did the relevant parliamentary committee recommend adopting the relevant bill in the first reading. According to Pavliuk, the bill takes into account the interests of various groups, including marketplaces.
“We are awaiting the second reading and finalization. We are in favor of digitalization, we are helping the state make the right decision, and we hope that there will be political will, because this means revenue for the country’s budget and stability in terms of long-term investments,” emphasized the CEO of Glovо.
Pavliuk added that the total amount of potential revenues to the state budget could be around UAH 7 billion.
According to the CEO of Glovо, as of 2024, the company was responsible for 0.4% of GDP.
In a comment to Interfax-Ukraine, Pavlyuk said that the company currently operates in more than 40 cities in Ukraine. In some cities, Glovо has ceased operations due to the occupation, particularly in Mariupol and Berdyansk.
“In general, the last places we expanded to were Pavlohrad in the east and Kovel in the northwest,” she said.
According to her, it is important for the company to have other businesses operating in the city, partners.
“We often exchange signals with our partners. They give us a better understanding of which cities we can potentially launch in. There are currently several cities of the same size (IF-U) in the works, so we’ll see how it all goes next year,” Pavlyuk clarified.
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.
