US EditionCentral Bank Warns of Impact of US Tariffs on Economy
- On June 9 in Madrid, the Bank of Spain announced a downward revision of its economic growth forecast for 2025, adjusting the expected rate to 2.4 percent compared to the previous estimate of 2.7 percent.
- The revision highlights the uncertainty caused by U.S. tariff measures, noting that although Spain's immediate economic links with the United States are less significant than those of other major EU nations, the country remains indirectly affected through its role in international supply chains.
- Governor Jose Luis Escriva emphasized uncertainty eighteen times during his speech to parliament's economic commission, noting global value chain integration increases vulnerability.
- The Bank of Spain kept the 2025 unemployment rate forecast at 10.5 percent and lowered the 2026 estimate slightly to 10.2 percent, signaling ongoing labor market challenges.
- The downward economic outlook suggests that prolonged uncertainty from U.S. policies could increasingly weigh on Spain’s economic performance and business confidence.
21 Articles
21 Articles
The Local - Se
The LocalSwedish households 501 billion kronor worse off – and Trump's to blame
Swedish household capital saw a cut of 501 billion kronor in value in the first quarter of this year, new figures from the SEB bank have revealed, due in part to American trade policy.
Bank of Spain cuts growth forecasts amid U.S. tariff uncertainty
MADRID, June 9 (Xinhua) -- The Bank of Spain has revised downward its economic growth forecasts for the country, cutting the projection for 2025 from 2.7 percent to 2.4 percent, and that for 2026 to 1.8 percent, due to uncertainty stemming from U.S. tariff policies. Read full story
The Banco de España (BdE) has revised downwards the forecast of growth of Spanish GDP for 2025, up to 2.4%, three tenths lower than the previous estimates, while reducing the expectation for 2026 by one tenth, to 1.8%. The tariff context and uncertainty about economic policies on a global scale are the main factors that push downwards, according to the governor of the institution, José Luis Escrivá, during his intervention in the Congress of Dep…
Coverage Details
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
