Spain Economic Outlook. June 2023
Published on Wednesday, June 28, 2023 | Rectified on Wednesday, June 28, 2023
Spain Economic Outlook. June 2023
Summary
Growth in 2023 is revised upwards to 2.4%
Key points
- Key points:
- Global growth in 2023 will be stronger than expected, in line with activity data. In 2024 it will be weaker than anticipated due to tighter monetary and credit conditions. Global growth will be 2.9% in 2023 and 2.9% in 2024.
- Better inertia at the end of 2022 and stronger than expected dynamism in 2Q23 explain the increase in the growth forecast for 2023. The improvement is due to external demand, despite sluggish domestic demand.
Geographies
- Geography Tags
- Spain
Topics
- Topic Tags
- Regional Analysis Spain
Tags
- Tags
- GDP
- Macroeconomics
Authors
XE99477
BBVA Research
Documents and files
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History of rectifications
Wednesday, June 28, 2023
The graph on slide 33 has been changed since a CPI increase of 120% and not 1200% is expected for 2024.
Wednesday, June 28, 2023
The graph on slide 27 has been corrected as the estimated change in GDP for 2023 is -3.5% and not -35%.