Support for Spain from the Organization for Economic Cooperation and Development (OECD). The club that includes the most developed countries has updated its economic prospects this Friday, in which it significantly improved its calculations for the country for the current year. Specifically, the ‘think tank’ led by Mathias Cormann raises its GDP estimate by four tenths to 1.7%, a forecast that is more in line with what the Government contemplates for this year (2.1%) and that It implies that activity will grow twice as much as in the Eurozone (0.8%).
The organization also lowers six tenths, to 4.2%, the general inflation rate, although it warns that the underlying one -which excludes energy and still fresh food- will be above the main rate, at 5%. Looking ahead to the year, the OECD maintains in principle its GDP estimate for Spain at 1.7%, in line with what it had anticipated last November, so that the Spanish economy would be, together with the German one, the most dynamic among the older than the euro zone. By then, the region will recover some vigor and will grow on average by 1.5%.
Inflationary pressures will moderate notably next year. The club of developed countries expects prices to grow by an average of 4%, eight tenths less than what it had contemplated in its previous calculations. The underlying would slow down to 3.7%, in line with its previous perspectives.
