Bank of Spain reivses economic forecasts – Raises 2018 growth to 2.7% vs 2.4% prior

Updated forecasts from the Bank of Spain 20 March 2018

GDP

• 2018 2.7% vs 2.4% prior
• 2019 2.3% vs 2.1% prior
• 2020 2.1% unch
• Economy may have grown 0.7% in Q1 2017

CPI

• 2018 1.2% vs 1.5%
• 2019 1.4% unch
• 2020 1.7% unch

Unemployment

• 11.0% by 2020 (if that number isn’t the average unemployed it’s a rise from 10.7% prior. If it is the average it’s down from 11.5% predicted prior)

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