According to forecasts published by the Organisation for Economic Co-operation and Development (OECD), Spain’s GDP will grow by 1.5% in 2023, the highest figure among the four leading eurozone economies. Spain also stays in the lead after the OECD’s downward revision of its forecast due to the worsening global economic situation: the adjustment was 0.7%. Germany’s GDP will grow by only 0.7% instead of the expected 3.1%, France’s by 0.6% (instead of 1.4%) and Italy’s by 0.4% (instead of 1.2%).
As for the estimates for 2022, Spain will also show the highest growth of these four countries: 4.4% (4.7% was originally expected). For the year as a whole Germany’s GDP will grow by 1.2%, France’s by 2.6% and Italy’s by 3.4%.
Across the nineteen eurozone countries, overall growth in 2022 will be 3.1%, 0.5% higher than forecast three months ago. For 2023 the figures have been revised downwards by 0.3-1.3%.
