Spain is projected to reduce its public debt-to-GDP ratio even as global debt levels rise among developed nations, according to the International Monetary Fund (IMF).
- The IMF expects Spain’s public debt to fall to 89% of its economy by 2031, down from a projected 97% in 2026.
- The organization revised Spain’s 2024 economic growth forecast upward to 2.5%.
- Spain is currently positioned to be the fastest-growing developed economy in 2026.
The IMF warned during its autumn meetings that global public debt and deficits are reaching unprecedented and unmanageable levels in many developed countries. #Spain #Economy #IMF #PublicDebt