Hormuz and the laborious core of Spanish progress | EUROtoday

The Spanish financial system stays in good condition regardless of the darkish clouds which can be gathering on the worldwide horizon, and that may ultimately arrive. The progress hole with the opposite giant European economies is widening: the GDP grew by a vigorous 2.7% within the first a part of the 12 months, with hardly any modifications in relation to earlier quarters, whereas the eurozone as a complete exhibits a lack of disturbing tempo, with a meager advance of 0.8% (all the time in year-on-year phrases).

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Fuels

The rise within the value of hydrocarbons after the outbreak of the struggle in Iran has had an affect on the ultimate value of gas paid by shoppers. Refueling with gasoline was 4% dearer in Spain on the finish of April, even after the VAT and particular tax cuts authorized by the Government, and diesel stays 20% above the typical worth for the month of February, utterly absorbing the cuts. On the opposite hand, not like what occurred after the outbreak of struggle in Ukraine, the electrical energy invoice has not skilled main modifications.

https://elpais.com/economia/negocios/2026-05-03/ormuz-y-el-nucleo-duro-del-crecimiento-espanol.html