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Stock impact report

15 Biggest Spanish Companies [Yahoo! Finance]

Banco Santander, S.A. Sponsored ADR (Spain) (SAN) 
Company Research Source: Yahoo! Finance
Economy of Spain According to a report by the European Commission, the Spanish economy is projected to grow at 2.5% in 2023, 1.7% in 2024, and 2.0% in 2025. These projections indicate that while the economy is expected to continue growing, the pace might slow down slightly in 2024 before picking up again in 2025 as inflation is expected to decrease to 3.2% in 2024 from 3.4% in the previous year. Interest rate hikes impact the domestic demand and declining debt ratios may also restrain growth. GDP growth is projected to accelerate in 2025 due to increased investment by corporations, external demand, and ease in financing conditions. On March 15, Reuters reported that Moody's and S&P upgraded Spain's outlook to positive, citing balanced growth, effective policies, and a resilient economy. Growth is forecasted at 1.5-1.6%, exceeding major EU economies. Spain's 2023 resilience contrasts with eurozone challenges. Moody's maintains a "Baa1" rating; S&P reaffirms "A/A-1" with a stable o Show less Read more
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