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SubscribeIn 2025, Spain has sustained a robust expansion following a strong financial year 2024, when real GDP growth reached 3.2%. For 2025 itself, Banco de España’s 2025 projections revised expected growth up to 2.9%, underpinned by household consumption, investment and supported by external surpluses in tourism and the current account. Inflation pressure has remained manageable on average, with the headline Harmonised Index of Consumer Prices (HICP) at 2.7%.
Project finance linked to the energy transition remains an active lane in 2025, with structures adapting to newer technologies and to the regulatory push for high-quality green labels. On the capital markets side that often complements bank project finance, Spain continues to consolidate a leading role in sustainable fixed income: BME reports that sustainable bond issuance in Spain rose 14.1% in 2024 to €24.151 billion (of which €18.758 billion were green bonds, +22.8%; and €3.595 billion were sustainability-linked bonds, +9.1%).
You can read the full article at: Lending & Secured Finance 2026. A practical cross-border resource to inform legal minds. International Comprative Legal Guides, 14th Edition, July 2026.
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