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Macro - Country Economic Forecasts - Spain

Publisher Oxford Economics
Published Mar 13, 2025
Length 9 Pages
SKU # OFE19929298

Description

Our GDP growth forecast for Spain is unchanged at 2.6% this month. We've maintained our strong outlook even though we assume that the US will impose tariffs on the EU over the coming months, as Spain stands to be one of the least affected countries. Spain will remain one of the fastest-growing economies in the Eurozone this year, with activity being boosted by a strong tourism sector and increasingly by consumer spending. Further ahead, we now expect Spain will accelerate its transition towards reaching 2% of GDP in defence spending over the coming years.

Table of Contents

9 Pages
Spain: Outlook remains positive despite global turmoil
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
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

Pricing

Currency Rates
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