In an update to its World Economic Outlook, the IMF raised its global growth forecast for 2026 to 3.3%, representing a 0.2 percentage point increase from its October 2025 projection, while keeping its 2027 forecast unchanged at 3.2%.
In this update, the IMF has once again revised upward its growth expectations for the Spanish economy for both this year and next. The projected expansion rate is 2.3% in 2026—three-tenths higher than anticipated last October—and 1.9% in 2027, which implies a two-tenths improvement over the latest forecast from the Washington-based institution.
Although the IMF’s growth projections for Spain represent a substantial slowdown compared to the estimated 2.9% GDP increase for 2025, Spain will rank as the best-performing major European economy this year. It is set to nearly double the expansion rate of the Eurozone (1.3%) and will sit just one-tenth below the 2.4% growth projected for the United States.
In the case of the Eurozone, the IMF has raised its forecast for this year by one-tenth to 1.3%, while maintaining its 2027 forecast at 1.4%.
