The Spanish government has revealed that the ongoing war in the Middle East could negatively impact the country's economic growth, predicting a decline of up to four percentage points in GDP. Inflation rates may rise to 3.1% as a result of these events.
Spanish Prime Minister Pedro Sánchez has appointed Carlos Carbo as his first deputy, aiming to strengthen the government's focus on economic issues. This decision follows the departure of María Jesús Montero, the former finance minister, who is now a candidate in Andalusia.
Spanish Economy Minister <strong>Carlos Quevedo</strong> has been appointed as the new Deputy Prime Minister, succeeding <strong>Maria Jesus Montero</strong>, who is preparing to run in the upcoming Andalusian elections on <strong>May 17</strong>. This appointment follows Quevedo's notable career in economic administration.