The Spanish economy expects a GDP expansion of over 2% annually until 2029, due to the post-Covid recovery and record tourism.

The Spanish government forecasts a GDP growth of over 2% each year until 2029, according to Agerpres. Spain's economy, severely affected by the financial crisis of 2008 and the Covid-19 pandemic, has experienced a remarkable recovery, supported by European recovery funds. Tourism has played an essential role, with a record 97 million foreign visitors last year, alongside company investments and robust household consumption. The new forecasts are essential for drafting the budget for 2027. The annual inflation rate was 3.2% in June, similar to previous months, in the context of recently adopted anti-inflation measures. Analysts expect the authorities in Madrid to announce the extension of these measures to counteract the effects of the war in Iran.