(Reuters) -Spain’s economy slowed to 0.6% in the first quarter of 2025 compared to the previous period, as geopolitical turmoil and the shadow of continuing trade tensions heighten concerns about global growth.<\/p>\n
On an annual basis, Spain’s first-quarter economic output expanded 2.8%, the country’s National Statistics Institute (INE) said on Wednesday, confirming the preliminary growth data released in April.<\/p>\n
That was lower than the previous quarter’s revised 3.3% annualised growth. Quarter-on-quarter growth slowed from 0.7%.<\/p>\n
In June, Spain’s central bank lowered its economic growth forecast for 2025 to 2.4% from 2.7%, but it was still well above the Eurozone’s expected 0.9% growth.<\/p>\n
Bank of Spain Governor Jose Luis Escriva attributed the lower forecast compared to last year’s 3.2% expansion to the uncertainty from the tariff war involving the United States, China and Europe.<\/p>\n
France and Italy have also trimmed their annual growth forecasts to 0.6%, while German economic institutes cut the country’s expected economic expansion in 2025 to 0.1%.<\/p>\n
(Reporting by Javi West Larra\u00f1aga; Editing by Inti Landauro and Charlie Devereux)<\/p>\n","protected":false},"excerpt":{"rendered":"(Reuters) -Spain’s economy slowed to 0.6% in the first quarter of 2025 compared to the previous period, as…\n","protected":false},"author":2,"featured_media":212721,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5312],"tags":[84668,5286,2000,299,62001,104],"class_list":{"0":"post-212720","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-spain","8":"tag-economic-expansion","9":"tag-economic-growth","10":"tag-eu","11":"tag-europe","12":"tag-national-statistics-institute","13":"tag-spain"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114743169829601577","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/212720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=212720"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/212720\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/212721"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=212720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=212720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=212720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}