Global | Economic outlook with a focus on Spain

Summary

This presentation analyzes recent developments in the global economy, as well as forecasts, with an emphasis on both the European and Spanish economies.

Key points

• Key points:
• Many sources of uncertainty, including geopolitical and political tensions, both global and local, are affecting all countries.
• Global growth is expected to moderate gradually in the future, falling from 3.3% in 2024 to 3.0% in 2025 and 3.1% in 2026.
• The eurozone has stabilized its economy but faces significant structural challenges such as high debt in some countries and the need for greater EU integration on several fronts to gain size and presence.
• In Spain, GDP will slowly slow down its growth rate. Growth of 3.0% is forecast for this year and 2.3% for next year. Extensive growth supported by public spending, private consumption, and exports will extend to investment in construction.
• Bottlenecks to growth, such as housing shortages and low productivity, must be addressed to meet the new challenges of tariff increases and the appreciation of the euro.

Geographies

Topics

Tags