Andorra Rules Out Downward Revision of 2026 Growth Forecasts Despite Iran War

Andorra's government has ruled out revising its 2026 economic growth forecasts downward due to the war in Iran, unlike some other countries that have already lowered their outlooks.

Finance Ministry spokesperson Guillem Casal confirmed this position on Wednesday, stating that current data shows no reason for change. "For the time being, the forecasts from the Finance Ministry and those established during 2026 budget preparations point to growth, and we currently lack any inputs suggesting a downward adjustment," he explained.

Casal pointed to the government's conservative budgeting strategy, demonstrated by last year's €88 million surplus. That outcome reduced public debt below 30% of gross domestic product. "The indicators we have right now do not foresee an alarming situation in the country," he added.

Officials continue to scrutinise the Iranian conflict on an ongoing basis. "It is being analysed constantly, and if necessary, economic forecasts would be updated," Casal said. He emphasised, however, that no elements currently indicate any deviation from initial projections.

The government's stance highlights its stable economic scenario amid global tensions, with no further details released on specific monitoring processes or risks.