Analysts in and out Spain should agree on their forecasts

agree disagree

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.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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