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Macro - Country Economic Forecasts - Spain

Publisher Oxford Economics
Published Apr 20, 2022
Length 11 Pages
SKU # OFE17112213

Description

Macro - Country Economic Forecasts - Spain

Spain's 2022 outlook continues to be impacted by the war in Ukraine. Soaring energy prices are pushing inflation higher, eroding real income, while confidence is dramatically down. Thus, we expect Spanish GDP to grow 4.8% this year (down from our previous 5.1% forecast) and 3.9% in 2023. An extension of the conflict or escalation in hostilities will likely lead to further downward revisions given the impact on inflation, income, confidence, and supply chains.

Table of Contents

11 Pages
Spain: Growth forecast revised further down as war rages in Ukraine
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
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