Spain's central bank raised its growth forecast for 2024 by 0.3 percentage points, despite the devastating impact of the October 29 floods, considered the worst disaster of its kind to hit the country in decades.
Spain's central bank expects the EU's fourth-largest economy to grow by 3.1 percent this year, up 0.4 percentage points from 2023.
Spain's economy is growing faster than average in the Eurozone this year after recovering from the Covid-19 crisis, providing a much-needed political outlet for the left-wing minority government. The bank also raised its 2025 growth forecast by 0.3 percentage points to 2.5 percent.
Source (Al-Arabiya.net Website, Edited)
