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Barclays predicts that the economy will shrink by 0.4% in 2023 amid the energy crisis.

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Barclays pitcher of cold water for economic forecasts for Europe in general and Spain in particular. The British entity published its most pessimistic forecast to date, calculating that Spanish GDP will contract by 0.4% over the next year, after a chain of three consecutive quarters of decline. According to the firm, activity in our country will decrease by 1% between October and December of this year, fall to 2.3% in the first quarter of next year and decrease by 1.3% between April and June. With the arrival of the tourist season, the national GDP will recover positive ground with a slight increase of 0.3% in the third quarter.

Barclays forecasts only a decline in Spanish wealth for next year, with international institutions, the Bank of Spain or the Independent Authority for Fiscal Responsibility raising their expectations for the country. -which they place under the government-.

Source: lainformacion.com

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