Business · Economy · 1 hr ago
IMF raises Spain’s 2026 growth forecast to 2.5%
The International Monetary Fund expects Spain’s economy to grow by 2.5% in 2026, four-tenths of a percentage point more than it previously forecast.
That would make Spain the fastest-growing major economy covered by the IMF’s detailed forecasts, ahead of the United States at 2.3%.
The IMF’s estimate is still one-tenth below forecasts from Spain’s government and a group of economists.
Experts point to a strong jobs market and growth in household spending and service exports as possible reasons for Spain’s performance.
Developed economies have also proved resilient despite higher energy prices linked to the war with Iran.
For 2027, the IMF has left Spain’s growth forecast at 1.8% and expects inflation to be 2.7%.
It forecasts unemployment below 10% in both 2026 and 2027.
The International Monetary Fund raised its forecast for Spain’s economic growth in 2026 to 2.5%.
The new forecast is four-tenths of a percentage point higher than the IMF’s estimate from months earlier.
Spain is projected to be the fastest-growing major economy covered in the report.
The forecast remains one-tenth of a percentage point below the estimate of economists’ consensus and the Spanish government.
The IMF left its 2027 growth forecast for Spain unchanged at 1.8%.
- Who
- The International Monetary Fund.
- What
- It raised its forecast for Spain’s 2026 economic growth to 2.5%.
- When
- The forecast was reported on October 13, 2026.
- Where
- Spain.
- Why
- The IMF did not detail the reasons for its revision. Experts cited a strong labour market, consumption and service exports.
This story does not have two clearly opposing sides.
The IMF’s forecast for Spain’s 2026 growth was four-tenths of a percentage point lower.
El País reported that the IMF had raised the forecast to 2.5%.
- 2026 growth forecast
- 2.5%
- Forecast increase
- 0.4 percentage points
- 2027 growth forecast
- 1.8%
- Difference from consensus and government estimate
- 0.1 percentage point lower
What people are saying
El ajuste flexible de la oferta, una reducción de las existencias, una menor intensidad energética que en décadas anteriores y la capacidad de los hogares y las empresas para adaptarse al aumento de los precios de la energía
Sources
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