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ECB's De Cos sees significant downward revision of 2021 Spanish GDP forecast

ECB's De Cos sees significant downward revision of 2021 Spanish GDP forecast

Central Banks
Adam Button
30/11/2021 | 12:11 GMT

Comments from the Bank of Spain governor

de cos
  • Sees a moderate slowdown in 2022
  • Spanish economy will not reach pre-pandemic levels until around early 2023
  • As in other countries, recent inflation hike in Spain should be essentially of a temporary nature
  • Recent inflation spike, supply bottlenecks and covid could lead to slight downward revisions of Spanish economy in Q4 and early 2022

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