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Bank of Spain targets GDP growth of 2% p.a. by 2025 with effects of long tariff war
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Bank of Spain targets GDP growth of 2% p.a. by 2025 with effects of long tariff war
The Corner Bankinter: Bank of Spain downgrades GDP projections to +2.4% p.a. for 2025 (-0.3pp) and +1.8% p.a. 2026 (-0.1pp). In his appearance before the Congressional Committee on Economy, Trade and Digital Transformation, the Governor of the Bank of Spain anticipated the revision of the quarterly macro picture whose report will be published today. The adverse scenario with a prolonged tariff escalation would have a “significant negative impact…
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