CdM | S&P Global hasrevised downwards its economic forecasts for Spain and Europe as a whole in light of the impact of the war in the Middle East and the surge in energy prices. Specifically, the firm now expects Spanish GDP to grow by 1.9% in 2026, down from the previous forecast of 2.1%, against a backdrop of weaker economic momentum and greater inflationary pressure. In its report, entitled ‘Economic…

Link Securities | According to the Ministry of Industry, Trade and Tourism, Spain’s trade deficit stood at €4.01 billion in January, representing a year-on-year decrease of 35.2%. This improvement was mainly due to the sharp fall in the energy deficit, which fell by nearly 50% thanks to a significant reduction in energy imports. In January, Spanish exports of goods reached €28.927 billion, representing a 2.9% decrease compared with the same…

Bankinter | The Government has announced two decrees containing measures worth €5 billion to mitigate the impact of the war. The first includes short-term measures to reduce taxes on electricity, such as the Special Tax on Electricity at 0.5% (down from 5.11%) until June 2026; the Hydrocarbon Tax on diesel, unleaded petrol, fuel oil, LPG, natural gas and kerosene is reduced; and a reduction in VAT on electricity for vulnerable…