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Macro - Country Economic Forecasts - Spain

Publisher Oxford Economics
Published Aug 14, 2025
Length 9 Pages
SKU # OFE20317574

Description

We lifted our GDP growth forecast for Spain to 2.7% this year and 2% in 2026, amid signs of continued strong momentum in activity. Spain will repeat this year as the fastest-growing major economy in the Eurozone, as the economy is more insulated from the trade war with the US than most of its neighbours, and strong tourism flows, a resilient labour market, and consumer spending will continue to prop up activity.

Table of Contents

9 Pages
Spain: We raised our forecast as momentum remains strong
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

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