Overview

• AIReF has revised Spain's GDP growth forecasts to 2.3% in 2025 and 1.7% in 2026, citing global uncertainty.
• The watchdog projects a gradual economic slowdown, with growth decelerating to 1.5% by 2029.
• Fiscal adjustments will be required in 2027 and 2028 under current policies to meet EU fiscal rules.
• Murcia's public spending is expected to exceed reference rates through 2027, leading to a projected regional deficit of 1.2% of GDP by 2029.
• Murcia's debt-to-GDP ratio is forecasted to surpass 32% in 2029 and rise by 4.7 percentage points by 2040 if no policy changes are made.