Macro - Country Economic Forecasts - Spain

Macro - Country Economic Forecasts - Spain

The impact of the Ukraine war continues to shape Spain's outlook as high inflation erodes real incomes and hits consumer confidence, leading to a fall in household spending. We see Spanish GDP growing 4.5% this year (down from our previous 4.8% forecast) and 3.6% in 2023. On a positive note, tourism indicators suggest the sector will see a solid recovery this year, providing the economy a much-needed boost from a sector representing over 10% of GDP.

Spain: Outlook deteriorates further amid gloomy consumers
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
Economic development
Structure of the economy
Balance of payments and structure of trade

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings