The Independent Authority for Fiscal Responsibility (AIReF) endorses the forecasts accompanying the draft budget of the Balearic Islands for 2025, which presents growth estimates in the Gross Domestic Product (GDP) in volume terms and inflows and employment for 2024 and 2025 that differ from the latest estimates of the Spanish Government’s macroeconomic scenario for the country as a whole.
The Balearic Islands estimates GDP growth in volume terms of 1.7% for 2025, which is lower than AIReF’s forecast of 2.4% and is also below the range of other agencies’ forecasts for the region.
