# Funcas forecasts 2.5% GDP growth for Spain in 2026 15 October 2026 at 13:03 > The think tank projects slowing economic growth and rising public deficits alongside the creation of 770,000 net jobs by the end of 2028. The think tank **Funcas**, led by general director **Carlos Ocaña**, forecasts **Spain**'s GDP growth at 2.5% for 2026, followed by 1.8% in both 2027 and 2028. Quarterly growth in 2026 is expected to slow from 0.7% in the second quarter to 0.4% by the final three months. Inflation is projected to reach 3.7% in 2026 before easing to 3.1% in 2027. Domestic demand will contribute 3 points to GDP in 2026, while the external sector subtracts 0.5 points. Two further deposit facility increases are anticipated to reach a 3% level. Director **Raymond Torres** notes 770,000 net jobs will be created by late 2028, cutting unemployment to 9%. However, the public deficit is set to rise annually, reaching 2.9% by 2028. The **Euribor** should stay near 3% with public bonds expected to hit 4%. [#SpainEconomy]() [#GDPGrowth]() #Funcas [#Inflation]() #Employment ## Related news ## [Housing costs push 770,000 workers into poverty]() 20 October 2026 at 08:54 ## [Pozuelo de Alarcón remains Spain's richest town]() 19 October 2026 at 15:00 ## [IMF raises Spain's 2026 growth forecast to 2.5%]() 13 October 2026 at 08:27 ## [Feijóo proposes zero VAT on basic food items]() 25 September 2026 at 15:56 ## [Spain's GDP growth hits 2.6% in second quarter]() 25 September 2026 at 09:12