Spanish Prime Minister Pedro Sánchez defended “the philosophy of budget forecasting” at the 5th Forum of Tourism Innovation. In his opinion, budget forecasts allow “Spain to maintain consistent economic growth and continue leading economic growth within the European Union.” This claim is false.
As Eurostat confirms, Spain is not the leader of economic growth within the Union. Rather, it is Malta, with a growth of 3.6% in the third quarter of 2018. In this regard, Spain (0.6%) occupies the twelfth place.
If we look at annual variation, essentially the difference between the chosen period and the same period the year before, the data still does not prove Sánchez right. With growth of around 2.5%, Spain finds itself thirteenth in the rankings.
As we can see, the Prime Minister’s claim that Spain “leads economic growth with the European Union is FALSE.
Describing Spain as the fastest growing country in the EU is a recurring claim within Spanish governments. Both Mariano Rajoy and Soraya Sáenz de Santamaría insisted it was true while they were in office.
Translated by Albie Mills