Despite the economic challenges posed by 2025, according to the global company in commercial credit insurance, Coface, Spain will have a crucial role for the stability of the Eurozone.
According to Bruno De Moura Fernandes, head of macroeconomics at Coface, “we are at a key moment for the future of the world economy and the geopolitical order, with numerous challenges, although there is also good news, the main one being that Spain will continue to be the European economic engine in 2025, growing above neighbouring countries such as France, Italy or Germany.”
The company carried out an analysis of the trends that will mark the world market next year, taking into account variables such as “inequality between the United States and Europe”; Trump’s victory and his economic program, oil prices and tensions in the Middle East, among others.
In this scenario full of challenges, they highlight that Spain will continue to grow 0.3 % until the end of 2024, and that in 2025 it will do so by over 2 %. This places it above the rest of the major European economies.
The head of macroeconomics at Coface concludes that “if geopolitical tensions do not worsen and raw materials do not rise, it will be easier for the economies that are having the worst time to start to recover. Otherwise, another wave of inflation could come that would complicate things further.”
M.Pino
Source: segurosnews
(Reference image source: Planet Volumes for Unsplash+)
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