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Macro - Country Economic Forecasts - Spain

Publisher Oxford Economics
Published Oct 10, 2025
Length 9 Pages
SKU # OFE20535951

Description

A revision to national accounts revealed the Spanish economy is growing faster than previously thought. As a result, we've lifted our GDP growth forecast to 3% this year and 2.3% in 2026. This means Spain will again be the fastest-growing major economy in the Eurozone next year. The country continues to be more insulated from global trade tensions than most of its peers, and strong employment growth is supporting a robust cycle of consumer spending.

Table of Contents

9 Pages
Spain: New data show growth is stronger than initially thought
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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