
STATEC: International environment in turmoil in the first semester
In the second quarter of 2025, GDP in the eurozone grew by 0.1% over the quarter, marking a clear slowdown compared with the results for the first quarter of the year (+0.6%).
In the second quarter of 2025, GDP in the eurozone grew by 0.1% over the quarter, marking a clear slowdown compared with the results for the first quarter of the year (+0.6%).
Luxembourg’s national statistics institute, STATEC, has released its Overview of Business Statistics, 2025 Edition.
Over this ten-year period, the sector demonstrated strong growth in employment, value creation, and tax contributions, while also undergoing a marked diversification in its activities and international workforce.
This publication provides a selection of interesting key statistics on the European Union (EU), its Member States as well as the countries of the European Free Trade Association (EFTA).
Job creation accelerates slightly in Q2 but remains very low historically.
Key takeaways
• Global growth pessimism is fading, with a soft landing once more becoming consensus among investors, but tariff risks remain
• German stimulus underpins European growth optimism, keeping the gap to global growth expectations close to the recent highs
• Investors stay bullish on EU equities outright and rel. to the US, with banks and German equities the most popular positions
Luxembourg’s national statistical institute, STATEC, reported that the annual inflation rate fell to 1.3% in March 2025 – down from 1.7% in February.
EU trade news: Statement by President von der Leyen
EU Member States have voted in favour of the European Commission’s proposal to introduce trade countermeasures against the United States.
The US administration announced the imposition of a 20% tariff on most imports from the EU. In response, the EU indicated it is preparing for further countermeasures if no negotiated solution is found.
Mario Grotz, the newly appointed director of Luxinnovation, emphasised the significance of Luxembourg’s economic relations with the United States during an interview with RTL Radio on Monday.
This Joint Statement serves as a call to dialogue and highlights the importance of Transatlantic relations, fully aligning with the mission of AmChams in Europe.