Bank of Spain Lifts 2026 Growth Forecast and Trims 2027
The Bank of Spain raised its 2026 growth forecast to 2.3 percent but cut its 2027 outlook. Higher energy costs from the Iran war are expected to lift inflation.
Xurve View
Xurve View
The central bank of Spain has updated its macroeconomic projections, raising the growth forecast for 2026 to 2.3% while trimming the 2027 outlook to 1.7%. This adjustment reflects the impact of higher energy prices and geopolitical tensions stemming from the conflict involving Iran. The 2026 baseline scenario was previously set at 2.2%, following a year of significant expansion in 2025 when the economy grew by 2.8%.
