The central bank of Spain revised its inflation forecasts upward, pointing out that the Spanish economy faces stronger pressures compared to the Eurozone as a whole, according to a report by Bloomberg.
The supervisory authority now estimates that inflation in Spain will reach 3.9% in 2026, a figure increased by 0.3 percentage points relative to the June forecast. In the same year, inflation across the Eurozone as a whole is expected to reach 3%. The Spanish central bank attributes the revision primarily to energy price developments, as the recent acceleration of inflation in the country was sharper than in other Eurozone economies.
For 2027, the new estimate places inflation at 3.7%, significantly higher than the previous forecast, which stood at 2.6%.
Despite heightened inflationary pressures, the Spanish economy is expected to sustain stable growth rates. According to central bank estimates, the country's GDP will grow by 2.6% in 2026 and by 2.2% in 2027.
In late September, inflation in the largest economies of the Eurozone rose to its highest level in recent years.
This development concerns Germany, France, Italy, and Spain, where inflation reached 5%.
www.bankingnews.gr
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