IMF ups growth outlook for Spain

The IMF expect Spanish growth to outstrip that of the US, Japan and Canada this year.

Following on the heels of the Bank of Spain – which raised its 2016 growth forecast to 2.8% just two days after the country’s inconclusive general election on 20 December – the International Monetary Fund predicts that the Spanish economy will grow by 2.7% in 2016 and by 2.3% in 2017…

These figures represent the largest upward revision of any of the world’s biggest economies, with growth up two-tenths (2016) and one-tenth (2017) of a point from the October 2015 projections.

In fact, in according to last week’s update of its World Economic Outlook report – and without going into any specific details – the IMF expect Spanish growth to outstrip that of the US, Japan and Canada this year, putting it in pole position among the world’s developed economies, with the United States regaining the lead in 2017.