The International Monetary Fund (IMF) has once again identified Spain as the fastest-growing advanced economy in the world.
In its latest update, the IMF revised Spain’s gross domestic product (GDP) growth forecast for this year upward by 0.4 % from its spring estimate, bringing it to 2.9% – surpassing even the Spanish government’s own projection of 2.7%. ALSO READ: Spanish economy grew faster in second quarter than initially estimated.
For 2026, the IMF anticipates growth of 2%, which is two-tenths of a point higher than its earlier forecast.
This continued momentum cements Spain’s position as the leading growth performer among advanced economies for the second year running.
By contrast, the eurozone as a whole is projected to expand by just 1.2%, with Germany barely advancing at 0.2% and France expected to grow by 0.7%. The IMF’s latest World Economic Outlook, published Tuesday to coincide with its annual meeting, places US growth at 1.2%.
Spanish government sources have highlighted the country’s resilience and economic leadership despite ongoing geopolitical tensions and global trade uncertainties. Inflation in Spain, meanwhile, is forecast to ease to an average of 2.4% in 2025 and 2.1% in 2026, according to the same IMF projections.
The report notes that the global economy is adapting to ‘an environment reshaped by new policy measures’. While some of the recently imposed higher tariffs ‘were softened through subsequent agreements and readjustments’, the overall climate remains ‘volatile’, the IMF states.
Consequently, although global growth expectations in the October World Economic Outlook have been revised slightly upward from the April 2025 forecast, they still remain lower than the pre-policy-change projections.
The IMF expects global GDP growth to slow from 3.3% in 2024 to 3.2% in 2025, and 3.1% in 2026. Advanced economies are predicted to grow by roughly 1.5%, while emerging and developing markets will expand at a slightly faster pace.
Inflation, the IMF adds, is set to keep declining worldwide, though unevenly: it is expected to stay above target in the United States—with risks tilted to the upside—and subdued elsewhere.
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El Fondo Monetario Internacional revisa al alza el crecimiento económico de España: 2025 al 2,9%, y 2026 al 2%.
➡️2025: Seguimos liderando entre las principales economías avanzadas.
➡️2026: Doblamos a nuestros principales socios. pic.twitter.com/3zECOKPjBh— Carlos Cuerpo (@carlos_cuerpo) October 14, 2025
España se ha convertido en la locomotora de crecimiento económico y creación de empleo de toda Europa.
Hoy, el FMI se une a otros organismos que aplauden la pujanza económica de España.
Buenas políticas y todo un éxito de país. pic.twitter.com/z6ibByXJAv
— Pedro Sánchez (@sanchezcastejon) October 14, 2025
IMF Growth Projections for 2025
🇺🇸 US: 2.0%
🇩🇪 Germany: 0.2%
🇫🇷 France: 0.7%
🇪🇸 Spain: 2.9%
🇬🇧 UK: 1.3%
🇨🇳 China: 4.8%
🇯🇵 Japan: 1.1%
🇮🇳 India: 6.6%
🇷🇺 Russia: 0.6%
🇧🇷 Brazil: 2.4%
🇸🇦 Saudi Arabia: 4.0%
🇳🇬 Nigeria: 3.9% https://t.co/bbUb7LaE1v pic.twitter.com/pmeQ51geOW— IMF (@IMFNews) October 14, 2025
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