Domestically, real GDP grew by 3.1% in Q2 2025, following a 7.6% contraction in Q1, as higher energy production partially offset sluggish non energy sector activity. Inflation remained low, 0.5% in November, but was up from 0.4% in October. Private sector credit growth slowed to 6.3% year-on-year in October, and consumer lending moderated to 8.0%. Labour market conditions improved, with unemployment falling to 3.8% in June 2025.