Washington (EFE).- The International Monetary Fund (IMF) estimated that it is seeing “a strong economic boost” in Spain that will probably lead the institution to improve its growth estimates for the country.
“We are seeing strong economic momentum in Spain and we will reassess the country’s forecast as part of our summer update,” IMF spokeswoman Julie Kozack told a news conference.
In its latest report on global macroeconomic projections published in April, the IMF forecast that the Spanish economy will grow 1.5% this year, four tenths more than previously projected, and reduced the growth expected for 2024 by four tenths, up to the 2 %.
On April 28, it was learned that the Spanish economy grew by 0.5% in the first quarter thanks to the increase in business investment and exports, which is one tenth more than the previous quarter after the data for the fourth was revised upwards. quarter.
Following these better-than-expected data, the Bank of Spain expects to revise its growth forecast for this year upwards, above the 1.6% that rose in March, to a rate close to 2%, closer to the government forecast of 2.1%.
At the press conference, Kozack acknowledged that “if we only look at the first quarter data, given its strength, it would lead to a further mechanical update for this year,” but it is necessary to “assess the outlook for the full year.”
The entry The IMF sees a “strong economic boost in Spain” and plans to improve its projections was first published in EFE Noticias.