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Kristalina Georgieva. EFE
What's the forecast?
The Euro Zone opinion

What's the forecast?

Currently headed by Bulgarian economist Kristalina Georgieva, the IMF changes its fiscal predictions so often - a slight increase here, a tiny decrease there - that they have limited practical value, and are usually only of interest to economists, politicians and journalists writes Mark Nayler

Mark Nayler

Malaga

Friday, 19 April 2024, 18:43

The IMF provided another indication this week that economic fallout from Spain's almost-constant political instability continues to be fairly limited. In its twice-yearly World Economic Outlook report, the Washington-based fund predicts that Spain will be the third-fastest-growing of the ... world's most advanced economies throughout the rest of this year and 2025, just behind those of the US and Canada. This comes on top of its revised 2024 forecast for Spanish GDP, which it increased last week from 1.5% to 1.9%. The fund's projection now mirrors the Bank of Spain's, which was upped from 1.6% last month.

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