Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Spain is swimming against the tide in the global tsunami of public debt

El FMI pronostica que en cinco años el país rebajará de forma significativa su endeudamiento respecto al PIB y liderará el crecimiento en los países de mayor tamaño

Translated from Spanish Read in Spanish

Spain is swimming against the tide in the global tsunami of public debt

The International Monetary Fund (IMF) has warned about the growing public debt of developed countries during its autumn meeting. However, Spain stands out with a decreasing trend in this regard. According to the IMF, Spain's debt is expected to be 97% of its economy by 2026 and decrease to 89% by 2031. The IMF has also revised Spain's growth forecast upwards to 2.5% this year, making it the developed economy with the highest growth in 2026.

Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

Read the original at elpais.com →

More in Finance & Markets

More from Wednesday 14 October →