Headlines
Spain to raise GDP growth target for 2025 after 0.7%-0.8% in fourth quarter
Published by Global Banking & Finance Review®
Posted on January 28, 2025
2 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 28, 2025
2 min readLast updated: January 27, 2026
Spain plans to increase its 2025 GDP growth target above 2.5% after a strong Q4, contrasting with other eurozone economies.
MADRID (Reuters) - The Spanish Economy Ministry is set on Tuesday to raise its gross domestic product growth target for this year above the current 2.4%, Economy Minister Carlos Cuerpo said, in stark contrast with growth in other large euro zone economies.
Cuerpo said he would announce a revision of the government growth forecast above 2.5%, after the economy expanded around 0.7%-0.8% in the fourth quarter, he told radio station SER late on Monday in an interview.
"Let me have a small margin for surprise, but we will update. We were sincerely below 2.5% and we will update upwards," he said.
The Spanish statistics department is due to release GDP growth data for the fourth quarter on Wednesday.
The strength of Spain's economy contrasts with other large economies in the euro zone. In recent days, France and Germany have lowered their GDP growth targets for this year to 0.9% and 0.3% respectively, while Italy expects 1.2% growth.
GDP in the 20 countries sharing the euro grew by 0.4% in the third quarter from the previous three months, half the pace of Spanish growth, Eurostat data showed last month.
(Reporting by Jesus Aguado and Inti Landauro; Editing by Bernadette Baum)
The Spanish Economy Ministry is set to raise its GDP growth target for this year above the current 2.4%, with Economy Minister Carlos Cuerpo indicating it will be above 2.5%.
Spain's economy expanded around 0.7%-0.8% in the fourth quarter, which is a strong performance compared to other euro zone countries.
The Spanish statistics department is due to release GDP growth data for the fourth quarter on Wednesday, which will provide more clarity on the economic performance.
Spain's GDP growth of 0.7%-0.8% in the fourth quarter contrasts sharply with France and Germany, which have lowered their growth targets to 0.9% and 0.3%, respectively.
Carlos Cuerpo mentioned that he would announce a revision of the government growth forecast, indicating that they were previously below 2.5% and would update it upwards.
Explore more articles in the Headlines category
