MADRID, 31 Ene. (EUROPA PRESS) -

The International Monetary Fund (IMF) anticipates a sharp slowdown in the Spanish economy this year, when it will grow by 1.1%, compared to 5.2% last year, while for next year it anticipates an expansion of 2. 4%, according to the update of the world economic outlook published by the institution on Tuesday.

Thus, although the IMF maintains its forecasts for Spain, which it released in mid-January, compared to the forecasts of last October, Spain is the only major economy that sees growth expectations lowered for both 2023 and by 2024.

However, the Spanish economy continues to have the most optimistic forecasts for expansion by the IMF for this year and the next among the large economies of the euro area.

In the conclusions of the IMF board of directors on the Spanish economy, published on January 19, the institution anticipated that Spain will reach the level of activity prior to the pandemic in early 2024.