Spain economy linda

IMF downgrades its growth forecasts for Spain in 2021 (4.6%) and 2022 (5.8%)

The International Monetary Fund (IMF) has substantially cut its growth expectations for the Spanish economy in 2021 and 2022, reducing the expected expansion of GDP this year to 4.6% from the 5.7% anticipated last October. For next year it forecasts that the rebound in activity will be limited to 5.8%, six tenths of a percentage point lower than previously expected. So the IMF’s forecasts are close to those recently published…

Spain FMI

The IMF Revises Downwards Its Global Growth Forecast …And It Forecasts The Highest Unemployment Rate In Europe For Spain In 2021 (15.4%) And 2022 (14.8%)

In its October World Economic Outlook report, the International Monetary Fund (IMF) has lowered its growth estimate for the world economy to 5.9% from 6.0% in its July estimate. For 2022, however, the IMF has kept its global growth projection unchanged at 4.9%. In its report, the IMF notes that while growth in advanced economies is largely expected to return to the pre-pandemic trend in 2022, it expects emerging and…

No Picture

Morgan Stanley: “Is already Spain the new Germany?”

MADRID | By The Corner | Spain’s public debt grew 7.12 percent in 1Q14 to 989.9 billion euros, which is 96.8 percent of its GDP. The government’s debt went up 8.4 percent from the first three months of 2013 to 864 billion euros, accounting for by far the largest share of the total, according to Bank of Spain figures published Friday. Morgan Stanley analysts emphasize the changes of macroeconomic prospects and the increase of forecasts in peripheral countries. From its analytics department, growth levels for Spain, Portugal and Ireland were raised on Monday.

No Picture

An impending euro catastrophe? Fear the ones you hear nothing about

Another week left behind us and another wave of alarms about euro zone banks being de facto rescued by the European Central Bank’s long-term liquidity operations or expecting European Financial Stability Fund capital injections. Sí, Spain and its financial sector were back in the headlines, somehow accompanied by Portugal and Italy in a variety of doom-and-gloom combinations, with what some in Madrid see as self-fulfilling forecasts. At The Corner we say shooting the…