Publications & Research

Quarterly Review 2025:1

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Foreword Foreword

Chapter 1 - The External Environment and the Euro Area

Key advanced economies
The euro area
Commodities

Chapter 1 - The External Environment and the Euro Area

Chapter 2 - Output and Employment

Potential output and Business Conditions Index
Gross domestic product and industrial production
Business and consumer surveys
The labour market

Box 1: The evolution of the labour income share in Malta

Chapter 2 - Output and Employment

Chapter 3 - Prices, Costs and Competitiveness

Inflation
The housing market
Cost indices

Box 2: Inflation persistence over time: Developments and contributing factors

Chapter 3 - Prices, Costs and Competitiveness

Chapter 4 - The Balance of Payments

The current account
Tourism
The capital account

Chapter 4 - The Balance of Payments

Chapter 5 - Government Finance

Quarterly developments
Headline and cyclically-adjusted developments

Box 3: Evaluating the impact of tax rebates and exemptions on the financial well-being of pensioners

Chapter 5 - Government Finance

Chapter 6 - Monetary and Financial Developments

Monetary and financial conditions
Liquidity support measures
The money market
The capital market

Chapter 6 - Monetary and Financial Developments