
Macro - Country Economic Forecasts - Spain
Description
Macro - Country Economic Forecasts - Spain
The invasion of Ukraine by Russia will slow growth this year. The war has led to soaring energy prices and will push inflation even higher, eroding household real incomes. We now expect GDP to grow 5.1% this year (from a previous 5.6% forecast) and 3.9% in 2023. If the conflict escalates and continues for an extended period, it will lead to further downward revisions given the impact on inflation, incomes, confidence and supply chains.
The invasion of Ukraine by Russia will slow growth this year. The war has led to soaring energy prices and will push inflation even higher, eroding household real incomes. We now expect GDP to grow 5.1% this year (from a previous 5.6% forecast) and 3.9% in 2023. If the conflict escalates and continues for an extended period, it will lead to further downward revisions given the impact on inflation, incomes, confidence and supply chains.
Table of Contents
12 Pages
- Untitled Chapter
- Forecast overview
- Recent developments
- Short-term outlook
- Key drivers of our short-term forecast
- Economic risk
- Economic risk evaluation
- Risk warnings
- What to watch out for
- Exposure to key global risks
- Long-term prospects
- Background
- Economic development
- Structure of the economy
- Balance of payments and structure of trade
- Policy
- Politics
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.