{"id":12549,"date":"2025-09-17T09:16:30","date_gmt":"2025-09-17T07:16:30","guid":{"rendered":"http:\/\/webecpol.esade.edu\/publicaciones\/realtimemacro-september-2025\/"},"modified":"2025-09-17T09:18:00","modified_gmt":"2025-09-17T07:18:00","slug":"realtimemacro-september-2025","status":"publish","type":"publicaciones","link":"http:\/\/webecpol.esade.edu\/en\/publications\/realtimemacro-september-2025\/","title":{"rendered":"RealTimeMacro \u2013 september 2025"},"content":{"rendered":"<ul>\n<li>The RealTimeTracker, our real-time monitoring and forecasting model, estimates GDP growth of\u00a0<strong>0.7% in Q3 2025<\/strong>, in line with the figures recorded in recent quarters. It also anticipates, with still very incomplete information, an increase of\u00a0<strong>+0.5% in Q4<\/strong>, which would suggest a moderate slowdown in growth in the final quarter of the year.<\/li>\n<li>The\u00a0<strong>0.7% increase<\/strong>\u00a0would have been positively supported by virtually all the indicators feeding into the model, both on the supply and demand sides, reflecting a balanced composition of growth.<\/li>\n<li>The\u00a0<strong>carry-over effect<\/strong>\u00a0from economic growth in 2024 and the quarterly GDP profile in the current year allow us to forecast an advance of\u00a0<strong>2.7% in 2025<\/strong>, four tenths higher than in the spring. This figure remains above the projection for the euro area and reflects Spain\u2019s resilience in a context dominated by high external risks of various kinds.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The RealTimeTracker, our real-time monitoring and forecasting model, estimates GDP growth of\u00a00.7% in Q3 2025, in line with the figures recorded in recent quarters. It also anticipates, with still very incomplete information, an increase of\u00a0+0.5% in Q4, which would suggest a moderate slowdown in growth in the final quarter of the year. The\u00a00.7% increase\u00a0would have [&hellip;]<\/p>\n","protected":false},"featured_media":12547,"template":"","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RealTimeMacro \u2013 september 2025 - Center for Economic Policy - EsadeEcPol<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/webecpol.esade.edu\/en\/publications\/realtimemacro-september-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RealTimeMacro \u2013 september 2025 - Center for Economic Policy - EsadeEcPol\" \/>\n<meta property=\"og:description\" content=\"The RealTimeTracker, our real-time monitoring and forecasting model, estimates GDP growth of\u00a00.7% in Q3 2025, in line with the figures recorded in recent quarters. It also anticipates, with still very incomplete information, an increase of\u00a0+0.5% in Q4, which would suggest a moderate slowdown in growth in the final quarter of the year. The\u00a00.7% increase\u00a0would have [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/webecpol.esade.edu\/en\/publications\/realtimemacro-september-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Center for Economic Policy - EsadeEcPol\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-17T07:18:00+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/webecpol.esade.edu\/wp-content\/uploads\/2025\/09\/imgdestacada.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1498\" \/>\n\t<meta property=\"og:image:height\" content=\"870\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@esadeecpol\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"http:\/\/webecpol.esade.edu\/en\/publications\/realtimemacro-september-2025\/\",\"url\":\"http:\/\/webecpol.esade.edu\/en\/publications\/realtimemacro-september-2025\/\",\"name\":\"RealTimeMacro \u2013 september 2025 - Center for Economic Policy - EsadeEcPol\",\"isPartOf\":{\"@id\":\"http:\/\/webecpol.esade.edu\/es\/#website\"},\"primaryImageOfPage\":{\"@id\":\"http:\/\/webecpol.esade.edu\/en\/publications\/realtimemacro-september-2025\/#primaryimage\"},\"image\":{\"@id\":\"http:\/\/webecpol.esade.edu\/en\/publications\/realtimemacro-september-2025\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/webecpol.esade.edu\/wp-content\/uploads\/2025\/09\/imgdestacada.png\",\"datePublished\":\"2025-09-17T07:16:30+00:00\",\"dateModified\":\"2025-09-17T07:18:00+00:00\",\"breadcrumb\":{\"@id\":\"http:\/\/webecpol.esade.edu\/en\/publications\/realtimemacro-september-2025\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/webecpol.esade.edu\/en\/publications\/realtimemacro-september-2025\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"http:\/\/webecpol.esade.edu\/en\/publications\/realtimemacro-september-2025\/#primaryimage\",\"url\":\"http:\/\/webecpol.esade.edu\/wp-content\/uploads\/2025\/09\/imgdestacada.png\",\"contentUrl\":\"http:\/\/webecpol.esade.edu\/wp-content\/uploads\/2025\/09\/imgdestacada.png\",\"width\":1498,\"height\":870},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\/\/webecpol.esade.edu\/en\/publications\/realtimemacro-september-2025\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"http:\/\/webecpol.esade.edu\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Publicaciones\",\"item\":\"http:\/\/webecpol.esade.edu\/es\/publicaciones\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"RealTimeMacro \u2013 september 2025\"}]},{\"@type\":\"WebSite\",\"@id\":\"http:\/\/webecpol.esade.edu\/es\/#website\",\"url\":\"http:\/\/webecpol.esade.edu\/es\/\",\"name\":\"Center for Economic Policy - EsadeEcPol\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"http:\/\/webecpol.esade.edu\/es\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"RealTimeMacro \u2013 september 2025 - Center for Economic Policy - EsadeEcPol","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/webecpol.esade.edu\/en\/publications\/realtimemacro-september-2025\/","og_locale":"en_GB","og_type":"article","og_title":"RealTimeMacro \u2013 september 2025 - Center for Economic Policy - EsadeEcPol","og_description":"The RealTimeTracker, our real-time monitoring and forecasting model, estimates GDP growth of\u00a00.7% in Q3 2025, in line with the figures recorded in recent quarters. It also anticipates, with still very incomplete information, an increase of\u00a0+0.5% in Q4, which would suggest a moderate slowdown in growth in the final quarter of the year. The\u00a00.7% increase\u00a0would have [&hellip;]","og_url":"http:\/\/webecpol.esade.edu\/en\/publications\/realtimemacro-september-2025\/","og_site_name":"Center for Economic Policy - EsadeEcPol","article_modified_time":"2025-09-17T07:18:00+00:00","og_image":[{"width":1498,"height":870,"url":"http:\/\/webecpol.esade.edu\/wp-content\/uploads\/2025\/09\/imgdestacada.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_site":"@esadeecpol","twitter_misc":{"Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"http:\/\/webecpol.esade.edu\/en\/publications\/realtimemacro-september-2025\/","url":"http:\/\/webecpol.esade.edu\/en\/publications\/realtimemacro-september-2025\/","name":"RealTimeMacro \u2013 september 2025 - Center for Economic Policy - EsadeEcPol","isPartOf":{"@id":"http:\/\/webecpol.esade.edu\/es\/#website"},"primaryImageOfPage":{"@id":"http:\/\/webecpol.esade.edu\/en\/publications\/realtimemacro-september-2025\/#primaryimage"},"image":{"@id":"http:\/\/webecpol.esade.edu\/en\/publications\/realtimemacro-september-2025\/#primaryimage"},"thumbnailUrl":"http:\/\/webecpol.esade.edu\/wp-content\/uploads\/2025\/09\/imgdestacada.png","datePublished":"2025-09-17T07:16:30+00:00","dateModified":"2025-09-17T07:18:00+00:00","breadcrumb":{"@id":"http:\/\/webecpol.esade.edu\/en\/publications\/realtimemacro-september-2025\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["http:\/\/webecpol.esade.edu\/en\/publications\/realtimemacro-september-2025\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"http:\/\/webecpol.esade.edu\/en\/publications\/realtimemacro-september-2025\/#primaryimage","url":"http:\/\/webecpol.esade.edu\/wp-content\/uploads\/2025\/09\/imgdestacada.png","contentUrl":"http:\/\/webecpol.esade.edu\/wp-content\/uploads\/2025\/09\/imgdestacada.png","width":1498,"height":870},{"@type":"BreadcrumbList","@id":"http:\/\/webecpol.esade.edu\/en\/publications\/realtimemacro-september-2025\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Portada","item":"http:\/\/webecpol.esade.edu\/en\/"},{"@type":"ListItem","position":2,"name":"Publicaciones","item":"http:\/\/webecpol.esade.edu\/es\/publicaciones\/"},{"@type":"ListItem","position":3,"name":"RealTimeMacro \u2013 september 2025"}]},{"@type":"WebSite","@id":"http:\/\/webecpol.esade.edu\/es\/#website","url":"http:\/\/webecpol.esade.edu\/es\/","name":"Center for Economic Policy - EsadeEcPol","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/webecpol.esade.edu\/es\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"}]}},"_links":{"self":[{"href":"http:\/\/webecpol.esade.edu\/en\/wp-json\/wp\/v2\/publicaciones\/12549"}],"collection":[{"href":"http:\/\/webecpol.esade.edu\/en\/wp-json\/wp\/v2\/publicaciones"}],"about":[{"href":"http:\/\/webecpol.esade.edu\/en\/wp-json\/wp\/v2\/types\/publicaciones"}],"version-history":[{"count":2,"href":"http:\/\/webecpol.esade.edu\/en\/wp-json\/wp\/v2\/publicaciones\/12549\/revisions"}],"predecessor-version":[{"id":12551,"href":"http:\/\/webecpol.esade.edu\/en\/wp-json\/wp\/v2\/publicaciones\/12549\/revisions\/12551"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/webecpol.esade.edu\/en\/wp-json\/wp\/v2\/media\/12547"}],"wp:attachment":[{"href":"http:\/\/webecpol.esade.edu\/en\/wp-json\/wp\/v2\/media?parent=12549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}