Spain´s Economic Outlook

The latest OECD forecast for Spain is very positive, with more and more clients enquiring about property for sale in Torrevieja and the Orihuela Costa.

The Organisation for Economic Co-operation and Development (OECD), a renowned authority in economic analysis, has recently updated its forecasts for Spain 

Revised Growth Forecast for 2024

The OECD's latest forecast reveals a notable upward revision in Spain's growth projection for 2024. Initially estimated at 1.4%, the forecast has been revised upward by one-tenth of a percentage point to reach 1.5%. This adjustment follows the robust growth of 2.5% witnessed in 2023, showcasing Spain's resilience and potential for continued economic expansion.

Continued Momentum Towards 2025

Maintaining a forward-looking perspective, the OECD anticipates Spain's growth trajectory to maintain momentum, with expectations of a 2% growth rate by 2025. This trajectory underscores Spain's position as a beacon of economic resilience within the Eurozone, fostering optimism and confidence among investors and stakeholders.

Spain: A Leading Economic Performer

Despite the challenges posed by global economic headwinds, Spain emerges as a standout performer within the Eurozone. Notably, it is the only large economy within the Eurozone to witness an upward revision in its growth forecast for 2024, underscoring its robust economic fundamentals and adaptive strategies.

Inflation Projections for Spain

The OECD's analysis extends beyond growth forecasts to encompass inflation dynamics, offering valuable insights into price trends. In Spain, the forecast indicates a projected inflation rate of 3.3% for the current year, with a marginal decrease expected to 2.5% in 2025. 

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