Bank of Spain cuts growth forecasts amid U.S. tariff uncertainty

MADRID, June 9 (Xinhua) -- The Bank of Spain has revised downward its economic growth forecasts for the country, cutting the projection for 2025 from 2.7 percent to 2.4 percent, and that for 2026 to 1.8 percent, due to uncertainty stemming from U.S. tariff policies.

Jose Luis Escriva, the bank's governor, made the announcement on Monday during a speech to parliament's economic commission, ahead of the publication of the bank's quarterly report on the Spanish economy, scheduled for June 10.