Business activity remained solid and inflation was under control, while investment recovered, supported by lower interest rates. Household consumption, however, slowed, while the various sectors of activity showed contrasting trends, ranging from still buoyant tourism to a fishing sector faced with a decline in exports.
Against this backdrop, financing of the economy intensified and banking risks remained contained.
These developments point to a resilient economic landscape, but one marked by uncertainty as 2026 approaches, particularly due to the ongoing conflict in the Middle East.