spain growth 2021

spain in europe

Spain Is Expected To Grow Above The European Average in 2021, Says The EC

Brussels has raised the Spanish GDP growth forecast for this year to 5.6%, which is two tenths of a percentage point higher than the previous estimate. This would make the Spanish economy the fastest growing of the 27 EU countries, ahead of France (+5.5%). That said, the European Commission (EC) also increases the risk of business failures in the sectors most affected by the new restrictions, with the potential for increasing unemployment and cutting production capacity.