For a se­cond time in months

IMF Downgrades Spain’s Growth Forecast Again: To 4.8% In 2022 And 3.3% In 2023

Kristalina Georgieva, IMF.
Kristalina Georgieva, IMF.

Link Securities | The International Monetary Fund (IMF) has lo­wered for the se­cond con­se­cu­tive time the growth fo­re­casts for Spain within a ge­neral down­ward re­vi­sion of the global GDP for 2022, as re­ported by the news­paper elE­co­no­mista.

Spain’s economy will grow by 4.8% in 2022, one point less than in January’s World Economic Outlook (WEO) and 1.6 points less than in October 2021, when the agency predicted a solid 6.4% GDP growth for the national economy.

Then, neither the omicron variant of the coronavirus nor the war in Ukraine were among the variables shaping that forecast. By 2023, the IMF forecasts a 3.3% GDP advance in Spain, down 0.5 points from the January report, but up 0.7 points from the October 2021 report.

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