Outlook for Spain’s economy and public finances: 2024-2025
The Spanish economy continues to grow faster than the European average, with growth projections revised upwards for 2024 and 2025 to 3% and 2.1%, respectively. However, fiscal slippage relative to official targets is expected in 2025, requiring the government to introduce approximately 8 billion euros in budget savings to align with official targets – allowing for sustained short-term growth, while increasing confidence and providing space for discretionary spending in the event of future shocks.
