SPAIN LIFTS GROWTH OUTLOOK AS INFLATION SURGES TOO

The Bank of Spain ($EWP) raised its 2026 GDP growth forecast to 2.6%, citing resilient household consumption, while also lifting its inflation outlook to 3.9% for the year on higher energy costs. Public debt is still set to decline, from 98.5% of GDP in 2026 to 96.2% in 2027.