The IMF reduces Spain’s GDP by three tenths by 2024 but it will once again be the developed country that grows the most

by archynewsycom
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The International Monetary Fund (IMF) predicts that Spain will grow by 1.7% next year, which represents a reduction of three tenths compared to the estimate it made in July. But even so, the organization points out that The Spanish economy will be the developed economy that grows the most.

The IMF forecasts, for example, that the Eurozone will rebound by 1.2%, while the United States will advance by 1.5% and Germany will rebound by 0.9%. The developed economy that is closest to the rebound expected for Spain is Canada, which will grow by 1.6%.

For this year, the organization led by Kristalina Georgieva reaffirms the 2.4% it advanced in July, when it improved its estimate by one percentage point. This data is also higher to those expected for the rest of the world’s major economies.

In fact, that is what the Ministry of Economy has highlighted, which after knowing the forecasts emphasizes that “Spain will be the developed country that grows the most in 2023 and 2024“.

“The International Monetary Fund maintains its growth forecast for Spain at 2.5% for this year and places it at 1.7% for 2024. In an international environment of uncertainty, Spain will lead growth among the main developed economies, both exercises,” adds Nadia Calviño’s department.

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