Spanish Agency Predicts the Spain's Public Deficit will be 4.2% of GDP

According to the latest forecast data released by the Independent Authority for Fiscal Responsibility in Spain, the country's public deficit is expected to reach 4.2% of GDP in 2023, which is 0.3 percentage point higher than the Spanish government's forecast for the data. In addition, Spain's Independent Authority for Fiscal Responsibility predicts that the country's GDP will grow by 1.6% in 2023, 0.5 percentage point lower than the government's forecast. The agency also predicts that Spain's average inflation rate will be 4% in 2023.