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Relevant News Item 27th July 2022

The IMF Cuts Spain’s GDP Growth In 2022 By Eight Tenths Of A Percentage Point To 4%

The International Monetary Fund (IMF) has lowered its GDP growth forecast for the whole world, including Spain. Spain will grow by 4% in 2022, which is eight tenths of a percentage point lower than the forecast published in April. The fall in GDP will be more pronounced next year if Russia’s war against Ukraine continues. According to the report ‘World Economic Outlook’, published on Tuesday, the IMF considers that in…

spain savings rate

Spanish economy 15th July 2022

Brussels Warning: Spain Will Have Inflation Of 8.1% In 2022 And Will Grow Less In 2023

The European Commission has not corrected its forecasts with respect to May: growth remains at 4%, close to the Government’s April forecast of 4.3%. The blow comes in 2023, with one of the biggest downward revisions in Europe, of 1.3 percentage points: growth of 2.1%, after the Commission itself estimated months ago that it would be 3.4%. For this period, the government had estimated 3.5% growth three months ago. The…

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Spanish economy 22nd June 2015

Spanish GDP could grow up to 3.3% in 2015

The Corner | June 21, 2015 | Rating agency Moody’s expects Spanish GDP to grow by 2.7% in 2015 and highlights the employment creation in the last quarter of 2014. But the country still “faces important challenges such as a public deficit that might hamper growth in the mid term.”

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Spanish economy 19th May 2015

Spanish growth beats expectations at 3.5% in 1S2015

The Corner | May 18, 2015 | Spain’s economy minister Luis de Guindos said the country’s economic growth is likely to be stronger than expected: 3.5% in the first half of the year and more “balanced” thanks to a lower deficit, lower private borrowing and improved external competitiveness and exports.

Spanish economy's challenges

In Europe 3rd March 2015

Unemployment falls in Spain

MADRID | March 3, 2015 | By Fernando G. Urbaneja | The creation of  13,500 new jobs in January is in line with encouraging figures elsewhere in the Spanish economy. While there will rightly be optimism in the wake of the latest data, the worrying plight of the youth and long-term unemployed continue to cause concern.