growth in spain

In Spain 30th October 2024

Spanish economy grows by 3.4% year-on-year in Q3 2024 driven by public spending

The Spanish economy grew by 0.8% in the third quarter, the same as in the previous quarter, and accelerated its year-on-year growth by two-tenths, reaching 3.4%, according to preliminary data from the National Institute of Statistics (INE). The growth of the Spanish economy is mainly due to public spending, which increased at a quarterly rate of 2.2%, a rate 1.6 points higher than the previous quarter, and to household consumption,…

Spanish economy 19th July 2024

AIReF revises Spain’s GDP growth upwards to 2.4% for 2024, but only 1.9% and 1.6% for 2025 and 2026

Bankinter | The Independent Authority for Fiscal Responsibility (AIReF) assesses the Government’s Economic Situation Report. It considers the macroeconomic scenario for the years 2024-2027 to be optimistic. AIReF has updated its macroeconomic scenario and projects GDP growth of 2.4% for 2024 (up 0.4pp); 1.9% for 2025; 1.8% for 2026 and 1.6% for 2027 (against 2.4% 2024; 2.2% 2025 and 2% in 2026 and 27 of the Government’s macroeconomic projections announced…

Spanish economy 7th June 2024

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…

Spanish economy 13th March 2024

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…

Spanish economy 6th March 2015

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.

Spanish economy 24th July 2014

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.