IMF on Spain

Spanish economy 25th January 2023

IMF believes Spain will not reach pre-pandemic GDP level until 2024 with growth of 2.4%.

Alphavalue /Divacons| According to the IMF, the slowdown in Spain’s projected growth in 2023 compared to last year “reflects the effects of higher energy and food prices, tighter financial conditions and weaker external demand”. The agency anticipates that activity will reach its pre-pandemic level in early 2024, when it expects GDP to grow by 2.4% and at a rate of 2.2% in 2025. As for inflation, the institution estimates an…

Spanish economy 20th January 2023

IMF lowers growth forecast for Spain to 1.1% in 2023 and calls for fiscal consolidation

The IMF raises its growth forecast for Spain in 2022 to 5.2%, but lowers its forecast for 2023 to 1.1%. Thus, the IMF anticipates that activity will reach its pre-pandemic level at the beginning of 2024, when it expects GDP to grow by 2.4% and at a rate of 2.2% in 2025. As for inflation, the institution estimates an average price increase in 2022 of 8.4%, which will moderate this…

Spanish economy 21st April 2022

IMF Downgrades Spain’s Growth Forecast Again: To 4.8% In 2022 And 3.3% In 2023

Link Securities | The International Monetary Fund (IMF) has lowered for the second consecutive time the growth forecasts for Spain within a general downward revision of the global GDP for 2022, as reported by the newspaper elEconomista. Spain’s economy will grow by 4.8% in 2022, one point less than in January’s World Economic Outlook (WEO) and 1.6 points less than in October 2021, when the agency predicted a solid 6.4%…

Spanish Ministry of Economy Nadia Calviño and Ministry of Finance María Jesús Montero

Spanish economy 14th October 2020

The IMF Predicts A Lasting Impact Linked With The Coronavirus; Spain, Most Affected In Developed World

The International Monetary Fund revised upwards estimates of global growth in 2020 but warned of a long and asymmetric recovery with uncertainties in which Spain will be the developed economy that falls most in the year. Thus, the agency now expects world GDP to fall by 4.4% in 2020 ( against -4.9% in June), thanks to China’s performance. The IMF forecasts for Spain a fall of 12.8% in 2020 to recover 7.2% in 2021. This drop is more than double that expected for the advanced countries as a whole (-5.8%).

Spanish economy, World economy 17th January 2017

IMF Predicts Spain Will Recover This Year All The Growth Lost During The Crisis

The January update of the IMF’s “World Economic Outlook”, published in October, confirms that Spain will recover this year all the GDP growth lost during the economic crisis, exceeding in 2017 for the first time the volume of growth in 2008.

Spanish economy 8th June 2015

IMF on Spain: Recovery has gained traction, lagged by unemployment

The Corner | June 8, 2015 | Spanish growth, well above the euro area average, has surprised the IMF on the upside (GDP growth is seen at 3.1% in 2015 and 2.5% in 2016). And reforms have boosted confidence, business investment and consumption. The main headwind for Mariano Rajoy’s government is now a hampering unemployment rate of almost 23.8%, the Washington-based institution says.

World economy 14th April 2014

Why Spain could grow half a point more than what the IMF says

WASHINGTON | By Pablo Pardo | Would the true IMF prediction please stand up? The Fund has just predicted a growth of 0.9 percent GDP for Spain in 2014. Three months ago, it was 0.6 percent. Seven months ago, it was 0.2 percent.

Spanish economy 30th September 2013

IMF on Spain: Reforms On Track, But Banks Shouldn’t Cut Lending

NEW YORK | By The Corner Team | Spain is leaving the worst of the crisis behind, as economic output and unemployment are stabilising, the IMF said on Monday. However, the adjustment from a profound recession still poses risks for banks. The Washington based institution, which is monitoring Spain’s financial assistance programme, welcomed the implemented measures but urged banks to boost capital without cutting lending.