The government points out that the trade war will harm GDP but also that domestic consumption will make up for it.

The government is confident that the upturn in domestic demand will neutralize the 1.5 billion blow of Trump’s trade war. It sustains growth of 2.6% by 2025 and foresees growth of more than 2% until 2028, creating 480,000 jobs per year. Read

The Spanish Minister of Economy, Commerce and Business, Carlos Córdoba, sent a "message of confidence" to the public that both wholesale payment systems and exchanges and markets have functioned in a totally normalized and correct way.

The government estimates that last Monday’s power outage has had an economic impact of 800 million euros, in its maximum range, but some of it would have recovered as a ‘rebound effect’ after the crisis. Economy Minister Carlos Córdoba has presented the macroeconomic picture that ‘frozen’ the projections updated by the Executive and presented last February, which set a growth of 2.6% for 2025 and 2.2% for 2026, and that will be forwarded to Brus…

The Minister of Economy, Commerce and Enterprise, Carlos Córdoba, has advanced this Wednesday that the Executive manages own estimates on the impact on the economic activity of the energy blackout that could reach a maximum of 800 million euros. Body has explained in the press conference after the extraordinary Council of Ministers that, according to the operator of payments redsys on the evolution of those of the authorized purchases, the fall …

Andalusia is at emergency level 1, waiting for total normality Carolina Spain asks for an investigation of what happened in charge of the European Union Beatriz Corredor dismisses and disengages the blackout from the penetration of renewables

The Ministry of the Economy is moving forward in its calculations to try to measure the impact that Monday’s blackout could have on the economic activity of the country and, for the moment, works with the hypothesis of an effect that, at most, would be 800 million euros. This maximum figure would be half of that estimated by other organizations, such as the CEOE, which has calculated that the blackout will cost Spanish companies about 1.6 billio…