Moncloa’s Forecasts, Already In Doubt

The IMF applies a forceful cut to its forecast for Spanish GDP in 2021 . The 5.7% advance that he now estimates is half a point lower than his estimate from last July and is a notable distance from the 6.5% that the Government is still waiting for.

Not even in 2022 they coincide, since Moncloa predicts an advance of 7%, while the Fund leaves it at 6.4%. However, what is worrying is not this discrepancy but the clear amendment to the Executive’s auguries that speak of a constant decline in the public deficit to 3.2% in 2024 and the debt to 115% in 2023.

The IMF, for its part, foresees that the deficit will still exceed 4% in 2026 and the debt will remain at 117.4% in that year. As soon as the new Budgets have been presented, their forecasts are already in question.

The IMF applies a forceful cut to its forecast for Spanish GDP in 2021 . The 5.7% advance that he now estimates is half a point lower than his estimate from last July and is a notable distance from the 6.5% that the Government is still waiting for.

Not even in 2022 they coincide, since Moncloa predicts an advance of 7%, while the Fund leaves it at 6.4%. However, what is worrying is not this discrepancy but the clear amendment to the Executive’s auguries that speak of a constant decline in the public deficit to 3.2% in 2024 and the debt to 115% in 2023.

The IMF, for its part, foresees that the deficit will still exceed 4% in 2026 and the debt will remain at 117.4% in that year. As soon as the new Budgets have been presented, their forecasts are already in question.