The Community Executive also projects that the national debt will be reduced by one point more than previously expected, namely 105.5%. Yet in 2024, Spain will again be the most growing economy in the eurozone. However, Brussels has worsened its growth forecasts for 2025.
The European Commission has improved its economic forecasts for Spain in 2024 by four-tenths upwards GDP growthto 2.1%, and reduce it estimate of the government deficitup to 3% of GDP.
The Community Executive also expects inflation to fall a tenth more this year than forecast in February, to 3.1%, and that inflation the national debt is reduced one point more than previously forecast, reaching 105.5% of GDP at the end of the year.
For 2025Brussels, however your prediction has deteriorated GDP growth to 1.9% (one-tenth less than the previous estimate), as well as inflation, which now stands at 2.3%, two-tenths above what was previously forecast.
According to the Community Executive’s report, Spain will again be the economy that grows the most to the largest in the eurozone in 2024, mainly driven by internal demand and the ‘resilience’ of the labor market.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
