Bank of Spain Sees Modest Q1 Expansion, Revises 2026 Outlook Upward Amid Middle East Shock
The Bank of Spain estimates first-quarter GDP rose between 0.5% and 0.6%, a deceleration from 0.8% in Q4. It raised its baseline growth forecast for 2026 to 2.3% from 2.2%, factoring in the economic effects of the war in Iran. The central bank also adjusted inflation and public finance projections while noting that energy price and external market …