However, José Ramón Díez -analyst at Bankia- considers that “the forecast for next year are still modest and with virtually no job creation.” This is normal because it will be complex the transition of the economic cycle after the intense adjustments of recent years. As a matter of fact, such transition should be reconciled with the deleveraging of the market agents, the fiscal deficit reduction and the short-term impact of reforms.
“It is also important to close the gap, little by little, between the opinions and forecasts of analysts from inside and outside the country. After all, the Consensus Forecast board shows that the nine Spanish institutions expect a +0.8% growth for 2014, whereas the seven international contributors forecast a +0% stagnation”, Díez points out.
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