The war in Iran is economically impacting Spanish families at a time of reduced savings and increased reliance on credit.
80% of Spaniards already feel the impact of the crisis in the Middle East and 86% anticipate negative effects for Spain.
Credit is replacing savings to finance basic needs, increasing economic fragility.
The Iranian conflict intensifies pressure on energy prices, and indirectly, on transport and food.
There is a social rejection of the conflict, with seven out of ten Spaniards considering that the war in Iran is not justified.
Conclusion: The Spanish economy may grow at a macroeconomic level, but it does so on an increasingly weakened domestic base. Neglecting this gap could increase the repercussions of a war without a clear exit plan.