Finance

Spain sticks to 2.2% economic growth forecast, for now

Published by Global Banking & Finance Review

Posted on April 28, 2026

1 min read

· Last updated: April 28, 2026

Add as preferred source on Google
Spain sticks to 2.2% economic growth forecast, for now
Global Banking & Finance Awards 2026 — Call for Entries

Spain Holds Steady on 2.2% Economic Growth Projection for 2024

Spain's Economic Outlook and Key Indicators

Current Growth Projections

MADRID, April 28 (Reuters) - The Spanish government still expects the economy to grow 2.2% this year, Economy Minister Carlos Cuerpo said on Tuesday, adding though that uncertainty triggered by the U.S.-Israeli war on Iran could weigh on the forecast.

Recent Economic Performance

Spain's economy, which expanded 2.8% last year, is one of the top performers in Europe.

Public Debt-to-GDP Ratio Forecast

The public debt-to-GDP ratio should end the year at 99.3%, down from last year's 100.7% and below the previous official forecast of 100.1%, Cuerpo said.

Reporting Credits

(Reporting by Victoria Waldersee and Jesus Aguado, writing by Andrei Khalip)

Key Takeaways

  • The Spanish government maintains a 2.2% GDP growth forecast for 2026, despite external uncertainties.
  • Public debt is forecast to fall to 99.3% of GDP, improving on previous expectations and edging below 100%.
  • Geopolitical volatility—particularly the U.S.–Israeli war with Iran—threatens to push up energy costs, inflation, and dampen growth.

References

Frequently Asked Questions

How did Spain's economy perform last year?
Spain's economy expanded by 2.8% last year, making it one of the top performers in Europe.
Could global events affect Spain's economic outlook?
Uncertainty from the U.S.-Israeli war on Iran could impact Spain's economic forecast.
What is Spain's projected public debt-to-GDP ratio for 2024?
The ratio is expected to end the year at 99.3%, lower than last year's 100.7%.

Tags

Related Articles

More from Finance

Explore more articles in the Finance category