The Spanish economy is expected to grow 2.9% this year, at more than double the average pace in the European Union and exceeding the previous forecasts of 2.6-2.7%, the European Commission and the Spanish government said.<\/p>\n
The EU’s executive arm said gross domestic product in the 20 countries that share the euro currency would grow 1.3% this year, rather than 0.9% as forecast last April, while the whole bloc’s GDP would expand 1.4%. It raised its estimate for Spain from 2.6%, citing strong domestic demand.<\/p>\n
“The government will raise its forecast to 2.9%, in line with the European Commission,” Economy Minister Carlos Cuerpo told a parliamentary hearing.<\/p>\n
The government had in September upgraded the growth forecast to 2.7% from 2.6%, predicting a positive outlook until 2028. The EU estimates Spain’s economy will grow 2.3% in 2026, but Cuerpo said the government would stick to a 2.2% forecast.<\/p>\n
He also said the government would present a new indicator within its economic targets that would link macro- and microeconomic data to measure how Spain reduces inequality and poverty levels, making sure that “growth figures translate into the daily lives of households”.<\/p>\n","protected":false},"excerpt":{"rendered":"The Spanish economy is expected to grow 2.9% this year, at more than double the average pace in…\n","protected":false},"author":2,"featured_media":270117,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,2739,56,54,55],"class_list":{"0":"post-270116","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-latest-headlines","11":"tag-uk","12":"tag-united-kingdom","13":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/270116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=270116"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/270116\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/270117"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=270116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=270116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=270116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}