Bank of Spain sees economy expanding by 2.2% in Q2
|The Bank of Spain said on Monday that it expects the Spanish economy to grow by 2.2% in the second quarter in its central scenario, as reported by Reuters.
Additional takeaways
"Bank of Spain puts 2021 growth at 6.2% in central scenario vs 6% seen in March, sees 4.6%-6.8% range."
Bank of Spain sees EU-harmonized inflation at 1.9% this year (previous forecast 1.4%), 1.2% in 2022, 1.2% in 2023."
"Bank of Spain sees 2022 GDP growth at 5.8% in central scenario (previous forecast 5.3%), 1.8% in 2023 (previous forecast 1.7%)."
"Bank of Spain sees unemployment rate this year at 15.6% in central scenario vs 17% seen in March."
"Bank of Spain sees 2021 public debt at 120.1%/GDP in central scenario, 117.9% in 2022, 118% in 2023."
Bank of Spain sees budget deficit this year rising to 8.2% in central scenario, deficit range from 7.8% to 8.9%."
Market reaction
The EUR/USD pair showed no immediate reaction to this report and was last seen posting small daily gains at 1.2112.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.