This quarterly increase in GDP of 0.6% would mean that the same growth rate is maintained as at the end of 2023.
The Spanish economy will grow by 0.6% in the first quarter of 2024On an annual basis, this would translate into a progress of 2.4% per yearas stated on Wednesday by the head of economic analysis at BBVA Research, Rafael Doménech.
This quarterly increase in GDP of 0.6% would mean that the same growth rate would be maintained which closed 2023 as, according to data yet to be confirmed by the National Institute of Statistics (INE), the Spanish economy recorded a quarterly growth of 0.6% in the last quarter of last year, three-tenths more than in previous years. last quarter.
In statements to RNE, Doménech stated that the Spanish economy, and also the European one, will see it benefited from the “timid” declines who have started to experience some interest rates, such as the Euribor, and the fall in oil and gas priceswhich are “well below” the level of a few quarters ago.
In any case, Doménech has warned about this ‘There are a lot of uncertainties ahead’starting with geopolitics, and that the year is “quite complicated”, as there are elections all over the world, but also in Europe.
As for whether he expects the European Central Bank (ECB) to cut interest rates interest rates At his meeting last Thursday, the head of economic analysis at BBVA Research indicated that his forecast is that they will remain unchanged. “We do not expect that there will be a decline until the month of June, that is, at the end of spring, beginning of summer,” he added.
Source: EITB
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