Overview
- Spain is forecast to grow 3.0% in 2025, 2.2% in 2026 and 1.8% in 2027, leading advanced economies in 2025–26, with inflation projected to ease to 2.3% in 2026 and 1.8% in 2027.
- OECD officials highlight that Spain’s recent gains reflect rising productivity rather than just labor-force expansion, with investment lifted by lower borrowing costs and Recovery and Resilience funds before slowing in 2027.
- Global growth is projected at 3.2% in 2025, dipping to 2.9% in 2026 and recovering to 3.1% in 2027, as elevated tariffs and geopolitical tensions weigh on trade and investment.
- Mexico’s GDP is seen expanding 0.7% in 2025, 1.2% in 2026 and 1.7% in 2027, outpacing Germany next year, with the T-MEC shielding many exports even as noncompliant shipments face higher assumed tariff rates.
- The OECD urges structural reforms and fiscal rebuilding, recommending streamlined regulations and simpler access to public R&D support in Spain alongside cautious, data-driven monetary easing.