Spains economy to grow more than expected this year, according to government forecast [Video]

SPAIN’S economy is roaring even louder than previously thought, according to the government’s revised growth forecast for this year. 

Economy Minister Carlos Cuerpo announced that the government will update its economic projections today, with the new forecast placing Spain’s economic growth at 2.7% for 2024.

It is an increase of 0.3 percentage points from its previous prediction in July.

This upward revision is largely due to a recent update of GDP data by the National Statistics Institute, which revealed that the Spanish economy has expanded at a faster pace than previously estimated. 

As a result, the government is now expecting the economy to match last year’s growth of 2.5% and to outperform most of its European counterparts.

READ MORE: Spain’s roaring economy sees its credit rating upgraded to the A band: Experts cite strong employment and exports to go with boom in international tourism

The government’s updated forecast is not limited to …