The IMF raises forecasts for Spain

The IMF raises forecasts for Spain

International Monetary Fund Managing Director, Kristalina Georgieva

The International Monetary Fund (IMF) improves its prospects for the Spanish economy. The organization has lowered its growth forecasts for the country for this year by two tenths, to 6.2%, but has improved by 1.1 points those of 2022, placing Spain as the advanced economy that will grow the most in 2022, with a rise of 5.8%.

For the global economy as a whole, the IMF maintains its forecasts of 6% in 2021 and 4.9% in 2022. For advanced economies, the entity has improved its forecasts by half a point compared to April for 2021 and by 0.8 points for 2021, up 5.6% this year and 4.4% in 2022.

For emerging countries, on the other hand, the IMF has lowered its forecasts for this year by 0.4 points, to 6.3%, and has raised those for next year to 5.2%, weighed down by the slowness of the vaccination campaigns and the expansion of the Delta variant.

The forecasts for Spain are well above the average for the euro zone, which stands at 4.3% in 2022 and for the great European powers: for Germany, it anticipates a rise of 4.1%; for France, 4.2%, and for Italy, 4.2%. In the case of the United Kingdom, the forecast is slightly above, with a rebound of 4.8% next year.

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