Paris (EFE).- The OECD has improved its growth forecast for Spain this year to 1.7%, three tenths more than it had anticipated in November and more than double the average for the euro zone (0.8% ), thanks in particular to more contained inflation.
In its interim Perspectives report published this Friday, the Organization for Economic Cooperation and Development (OECD) is thus more optimistic about Spain than the European Commission, which a month ago had estimated an increase in gross domestic product (GDP) of 1.4%.
This 1.7% is, by far, the highest growth rate among the large euro area countries, above France (0.7%), Italy (0.6%) and, above all, Germany (0 .3%), the most affected of them by the effects of the war in Ukraine.
By 2024, the authors of the report calculate that the progression of Spanish GDP will remain at 1.7%, which is the same as what they had said in November, and three tenths less than what the European Commission forecast in February.
The other large single currency states will come close to that rate next year, with 1% in Italy, 1.3% in France and 1.7% in Germany.
Spain, according to OECD projections, will have an average inflation of 4.2% this year, six tenths less than what it estimated three and a half months ago, that is, practically half of what it registered in 2022 (8.3 %).
That of 2023 will be inflation clearly lower than that of the euro zone as a whole (6.2%) and that of its large European partners, which are France (5.5%), Italy (6.7%) and Germany (6 .7%).
The problem is that by 2024 this rate will barely decrease in Spain (to 4%, eight tenths less than what was risked in November), unlike what will happen in those other countries: 2.5% in Italy and France, and 3 .1% in Germany.
One of the factors that weigh on this slow reduction is the particularly marked (and worrying) rise in core inflation in Spain, which excludes the most volatile prices, those of energy and fresh food, which will go from 3.8% in 2022 to 5% this year.
Underlying inflation in Spain will be, according to the OECD, 3.7% in 2024, therefore much higher than the average for the euro area (3%), as well as those of Germany (3.1%), France (2.3%) and Italy (2.9%).
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