spain exports

The Spanish economy in 2020: things are not looking so bad

The Spanish Economy In 2020: Things Are Not Looking So Bad

Oriol Carreras and Eduard Llorens i Jimeno (CaixaBank Research) | All the indicators suggest that next year will be defined by the same key elements. As we can see in the first chart, to the extent that global growth, and that of the euro area in particular, remains contained, we do not expect to see a significant surge in exports. Therefore, the foreign sector will continue to provide very modest contributions to growth. Moreover, the global environment will remain a source of risk.


Economy at a glance: the bank of Spain forecasts

The Spanish economy at a glance in December

Círculo de Empresarios | The Bank of Spain forecasts that the Spanish economy will embark on a gradual path of deceleration until 2022, and therefore maintains its 2% and 1.7% annual growth forecasts for 2019 and 2020, respectively. GDP growth rests on the back of positive evolution of domestic demand owing to the healthy wealth situation of households and companies, and a monetary policy that is accommodative. In contrast, the external sector loses dynamism as growth in exports is less than imports in an environment rife with global uncertainty.







“Spain Concentrates More Than Other Coutries On The Quality Of Exports”

Mari Pinardo / Raúl Poza | The global context of trade suffers a slowdown but that’s not in all countries and Spain is an exception. Chris Papageorgiou, who is Deputy Unit Chief at International Monetary Fund, recently pointed to The Corner that  “probably this expansion is not more things being exported, is less things but more expensive.”


Not Everything In The Economy Is About Exports

Spain’s exports now account for 33% of GDP, 10 percentage points higher than in 2008.  There is nothing better than focusing the magnifying glass on the desired point, leaving everything else out of the picture, to behave like a perfect Pangloss. As you know, Pangloss is that character from Voltaire’s Candide who said that we lived in the best of all worlds because there was none better.


No Picture

Spain Trade Deficit Pushed Down by 67% in July By Record Exports

MADRID | The Corner Team | Exports are pumping fresh air into the Spanish economy. The recession-hit country’s trade deficit plunged by a further 53.5 per cent in July, officials said on Friday. The government is banking on foreign trade to be an engine of the recovery.