Macro - Country Economic Forecasts - Spain

Macro - Country Economic Forecasts - Spain

Spain's GDP expanded by 0.3% q/q in Q3, slower than in Q2, but above our and consensus expectations. Despite the outperformance, data are still pointing to weak economic momentum at the end of the year, as high interest rates and an adverse external environment continue to be headwinds to growth. We expect GDP to expand by 2.4% in 2023, with growth moderating to 1.2% in 2024.

Spain: growth continues to ease gradually
Forecast overview
Recent developments
Short-term outlook
Key drivers of our Short-term Forecast
Economic risk
Economic risk evaluation
risk warnin

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