Spains economy will grow at more than double the rate of other European countries this year, according to the IMF [Video]

SPAIN’S economic growth this year has been predicted to be better than its European neighbours according to the International Monetary Fund(IMF).

The IMF has raised its 2024 Gross Domestic Product(GDP) growth forecast for Spain by 0.4% to 1.9%.

The Eurozone as a whole comes in at 0.8% while 0.7% is projected for France and Italy, and just 0.2% for the traditional economic power house of Germany.

READ MORE:

• European Central Bank leaves interest rates at 4.5% after inflation slows down – ahead of expected cuts in June
• Spain will be the fastest growing economy out of the EU’s ‘big four’ over the next two years, says Brussels – outpacing Germany, France and Italy
• Inflation in Spain increases in March following rise in VAT charges for electricity

Only the United States is predicted to do better among the major developed nations.

In Spain’s case, the IMF highlights that growth will remain strong thanks …