Macro - Country Economic Forecasts - Spain
Spain's 2022 outlook continues to be impacted by the war in Ukraine. Soaring energy prices are pushing inflation higher, eroding real income, while confidence is dramatically down. Thus, we expect Spanish GDP to grow 4.8% this year (down from our previous 5.1% forecast) and 3.9% in 2023. An extension of the conflict or escalation in hostilities will likely lead to further downward revisions given the impact on inflation, income, confidence, and supply chains.
- Spain: Growth forecast revised further down as war rages in Ukraine
- 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
- Background
- Economic development
- Structure of the economy
- Balance of payments and structure of trade
- Policy
- Politics
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