growth in spain

spain savings rate

IMF raises growth forecast for Spain by half a point to 2.4% but warns investment not taking off

The International Monetary Fund, yesterday raised its growth forecast for the Spanish economy this year by half a point to 2.4%, although it also warned that inflation is reluctant to moderate and that sluggish investment and rigidities in the labour market could weigh down developments in the medium term. The Fund recalls that investment remains below 2019 levels, which is weighing on productivity growth per hour worked and could stifle…


spain foreign policy

Bank of Spain raises growth forecast to 1.9%, but rules out compliance with fiscal rules due to public spending slippage

In its latest projections – published yesterday – the Bank of Spain predicts a rise in GDP 2024 to 1.9%, three tenths above the last projection made in December, thanks to the drag effect generated by a better-than-expected end to 2023, but above all to the increase in public consumption. The bank warns of the extraordinary increase in public consumption in 2023 to almost 4%, even higher than in 2020…


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Funcas predicts stronger growth in Spain

The Corner | March 6, 2015 | In yet more positive news for the Spanish economy, influential foundation FUNCAS has revised its growth projections upwards for 2015 to 3%. Increased consumption and an improvement in the construction sector are the chief reasons for the upward trend. 


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Spain: Barclays see growth and employment improving in Q2

MADRID | The Corner | Ahead of INE’s official release of Q2 growth, Bank of Spain (BdE) published  on Wednesday its estimate in its economic bulletin. The central bank estimates that economic activity in Q2 accelerated to 0.5% q/q from 0.4% q/q in Q1, driven by positive contributions from both domestic and external demand. BdE has also revised upwards its annual growth projections for 2014 and 2015 to 1.3% and 2%. These estimates coincide with ours, both for Q2 14 and for 2014-15, analysts at Barclays point out.