The Chamber of Spain forecasts a growth of 2.5% in 2026 and 1.9% in 2027. It warns that inflation and the cost of financing may hinder businesses and families.
The Chamber of Spain predicts that the Spanish economy will grow by 2.5% in 2026 and moderate its advance to 1.9% in 2027. According to elconciso.es, the institution highlights the resilience of activity in the face of international uncertainty, although it warns that inflation, the cost of financing, and geopolitical tensions could influence the decisions of businesses and families.
The forecast places the average annual inflation at 3.2% for 2026, and the Chamber considers it likely that prices will remain around 4% in the coming months. This scenario would reduce households' spending capacity and could continue to increase costs for businesses.
Tensions in the Middle East and Ukraine keep oil prices high and put pressure on the natural gas market. Additionally, they affect the availability of refined products, which are heavily used in the transportation of goods, potentially impacting business costs.
Regarding financing, the institution points out that relatively high interest rates, especially in the long term, make credit more expensive and condition investment. For households, the Euribor, linked to expectations of a somewhat more restrictive monetary policy from the European Central Bank, is already raising mortgage payments.
The Chamber maintains that job creation has been one of the pillars of growth, but believes that improving productivity must be a strategic priority to sustain it in the long term. It proposes stimulating productive investment, innovation, and attracting talent, and calls for taking advantage of the current cycle to clean up public accounts through greater spending efficiency. The institution rejects the idea that this budget consolidation should rely on increased tax pressure.
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