Artículos
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Public revenue and expenditure forecasts for 2024 under a no policy change scenario
29 noviembre 2023
Growth in total state revenue is expected to slow in 2024, while growth in public expenditure
is forecast to slow over the same time frame. Given that wage and pension increases will continue to put upward pressure on the deficit, achievement of the 3.0% of GDP target required under EU fiscal rules will be difficult.
Autores: Romero-Jordán, Desiderio
Etiquetas: Fiscal outlook
New tourist flows boost summer arrivals virtualy back to pre-pandemic levels
The high expectations for the recovery in international tourism appear to have been met this summer by comparison with 2019, particularly in terms of daily tourist expenditure. Going forward, expected increases in tourism from source markets with higher on average purchasing power is helping to underpin a constructive outlook for the Spanish tourism sector in 2024.
Autores: Moral, María José
Etiquetas: Tourism sector
Spain’s revised national accounting statistics: Positive and negative takeaways
September’s annual revision of Spain’s national accounts data for the years 2020 to 2022 resulted in an upward adjustment to the initially forecast GDP growth figures for 2021 and
2022, underpinned by substantial revisions to the components of GDP growth. While the
revisions reveal a better-than-expected performance of the manufacturing sector, worse
than anticipated investment figures are worrisome in the context of the high degree of potential funding resources available to Spain under Next Generation EU (NGEU).
Autores: Fernández, María Jesús
Etiquetas: GDP revisions
Spain’s economic and fiscal outlook
GDP growth is expected to slow to 1.5% in 2024, down 0.9% from this year, although still significantly above the EU average, with inflation also expected to moderate further.
Spain’s key source of vulnerability remains its fiscal imbalance at a time when sovereign borrowing costs are rising sharply, highlighting the need for growth-friendly fiscal consolidation.
Autores: Gómez Díaz, Fernando, Torres, Raymond
Etiquetas: Spanish outlook
Europe’s public finances amidst pandemic, war, and energy crisis
24 noviembre 2023
Today we take a bit of a step back and reflect on key developments that have impacted European public finances in the last couple of years.
Autores: Torres, Raymond
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