CEPREMAP – Macroeconomic Outlook, Oct 2025

The report analyzes the macroeconomic situation in the context of political and economic decisions made by President Trump and their impact on financial market volatility, inflation, global demand, and labor market trends.

Since Trump's inauguration and the start of the trade war, most economic and financial indicators have weakened, including the devaluation of the US dollar and the rise in risk premiums. Inflation in the Eurozone is 2.2%, while in the US it is 2.9%. Differences in GDP growth rates between the US and Europe remain significant, and the OECD has lowered growth forecasts for all developed countries for 2025. Sovereign yields in the Eurozone remain high despite declining inflation.