The President of the Government, Pedro Sánchez, has indicated that Spain will grow by 6.4% this year, according to the updated forecasts of the International Monetary Fund (IMF).

Sánchez has anticipated the fund itself to announce that the Spanish will be "the developed economy that will grow the most in 2021" along with that of the United States.

Previously, growth forecasts for Spain were at 5.9%, a figure somewhat higher than the one subsequently provided by the European Commission, 5.6%.

Thus, after the press conference of the Council of Ministers, Sánchez has assured that "little by little" the effects of the reactivation are seen, although he concedes that Spain is still "far" from full recovery, according to Europa Press.

In this sense, Sánchez reported that the IMF has updated its forecasts for world economic growth upwards, due to the fiscal stimulus announced in the United States and the greater speed of vaccination throughout the world.

In Spain, where GDP fell 11% in 2020, the IMF increased its growth estimate for 2021 by half a point, bringing it to the current 6.4%.

To this growth, he added, the aid approved in the Council of Ministers will contribute, to which will be added the Recovery and Resilience Plan, which the Government will approve next Tuesday, according to Sánchez, and which he himself will explain at the end of the Council of Ministers. and later in Congress.

"They will be tractions that will allow the economic recovery to be strengthened throughout this year," reiterated the Chief Executive, who affirmed that vaccination is the "most effective" economic policy.

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  • IMF

  • Spain

  • Minister council

  • USA

  • Pedro Sanchez

  • GDP

  • economy

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