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Spain lowers its growth prediction for 2022 due to the conflict in Ukraine

SPAIN cut its economic growth prediction for 2022 on Friday, owing mostly to the effects of Russia's invasion of Ukraine, which has fueled inflation and harmed consumer demand. According to the economics ministry, the eurozone's fourth-largest economy's GDP is now likely to grow by 4.3 percent rather than the 7.0 percent earlier forecast. "The attack against Ukraine has significant economic and...

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BBVA raises its forecast for its business in Spain and Mexico for 2022

BBVA's CEO, Onur Genç, stated at the presentation of the first-quarter results that the bank has an improved outlook for Spain and Mexico in 2022 "due to better-than-expected business fundamentals." He stated that business dynamics are "very good" across all geographies. According to Onur Genç, BBVA in Spain enjoyed "great revenue performance and a considerable improvement in cost-to-income and...

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