Spain slightly raises 2025 growth forecast to 2.7%

Madrid: Spain s leftist government on Tuesday slightly raised its 2025 economic growth forecast despite global uncertainty fuelled by trade tensions....

Madrid: Spain's leftist government on Tuesday slightly raised its 2025 economic growth forecast despite global uncertainty fuelled by trade tensions.

Economy Minister Carlos Cuerpo said the government now expects gross domestic product (GDP) to expand by 2.7 percent this year, up from the 2.6 percent previously forecast.

"The Spanish economy continues to show clear signs of strength in both the short and medium term, and we keep accumulating positive economic news day by day," he told a news conference, describing it as a "prudent forecast".

Cuerpo said growth in the eurozone's fourth-largest economy is being driven by business investment and household spending, as well as a booming tourism sector.

He emphasised that the impact of US-EU trade tensions is relatively limited in Spain, unlike in many other European countries.