Today, the Ministry of Economy will carry out an upward review of the growth of the Spanish economy in 2026 to 2.6%, as announced by the SER network and EL PAÍS has been able to confirm. The presentation of the revised macroeconomic table is the first step to prepare the General State Budget Bill for 2027.
For the coming years, the Department led by Vice President Carlos Body expects sustained growth above 2% until 2029. The growth is well above that predicted by the main analysis houses such as the Bank of Spain, which for 2026 expects a growth of 2.3% and the IMF with a predicted 2.1%.
The revision is surprising in a context of a sharp drop in exports and a lot of pressure on domestic demand with (to 3.2%) and a recent rise in interest rates. With the improvement, the Government claims the positive impact of its package of anti-energy crisis measures approved three months ago and which will be extended today. Also the final spending boost from the European recovery funds known as Next Generation, which administrations are rushing to spend before August.
A growth of 2.6% for this year almost triples the Eurozone GDP forecast that the European Commission places at 0.9% for 2026 and almost repeats the figure achieved in 2015, when activity improved by 2.8%, making it one of the economies in the world with the most powerful and sustained growth in the last five years.
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