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The Bank of Spain cuts its GDP forecast to 4.1% and warns of underlying inflation

Barely two months after the previous cut, the entity governed by Pablo Hernández de Cos has once again revised downwards, by four tenths, its growth estimate for Spain this year.

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The Bank of Spain cuts its GDP forecast to 4.1% and warns of underlying inflation

Barely two months after the previous cut, the entity governed by Pablo Hernández de Cos has once again revised downwards, by four tenths, its growth estimate for Spain this year. And although it softens its general inflation forecast by three tenths, to 7.2%, it warns of the rebound in core inflation.

Quantifying the impact of the war in Ukraine on growth is, if not an impossible mission, a very complicated task, especially considering that the conflict seems entrenched and uncertainty in the short and medium term is maximum. What

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