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Macro - Country Economic Forecasts - Spain

Publisher Oxford Economics
Published Dec 11, 2025
Length 9 Pages
SKU # OFE20650280

Description

We expect the Spanish economy to grow by a robust 2.4% next year, again placing it as the fastest-growing major economy in the Eurozone. The country continues to benefit from strong growth in services and employment, and by being more insulated from global trade tensions than most of its peers. But some of the cyclical tailwinds boosting growth are likely to ease next year, which means a repeat of the recent 3% growth rates looks unlikely.

Table of Contents

9 Pages
Spain: Set for another year of strong growth in 2026
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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