Spain raised its inflation forecasts for 2022 and 2023 and lowered its economic growth target for 2023, Economy Minister Nadia Calvino said on Tuesday, citing the war in Ukraine for its continued negative impact on European economies.
The inflation target was lifted to 7.8% in 2022 from a previous 6.1% projected in April, while for 2023 it was revised upwards to 2.9% from 2.2%.
