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Macro - Country Economic Forecasts - Spain

Publisher Oxford Economics
Published Mar 19, 2026
Length 9 Pages
SKU # OFE21076967

Description

We nudged down our growth forecast for Spain to 2.4% to account for the impact of higher energy costs in the wake of the attacks on Iran. Nevertheless, Spain will be the fastest-growing major economy in the Eurozone again this year. The economy still benefits from strong growth in services and employment, lower electricity costs for industrial users, and being more insulated from global trade tensions than most of its peers. We expect GDP growth of 2.1% in 2027.

Table of Contents

9 Pages
Spain: Iran war starts to take a toll
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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