GDP

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.


spain torito

Spanish GDP grows 0.4%, slowest in three years

The Spanish economy grew 0.4% in the second quarter, one tenth less than in the previous quarter and also a tenth less than advanced at the end of July. It is the lowest rate of quarterly growth in three years, according to the National Accounts published this Monday by the National Institute for Statistics (INE).


spanish GDP

Spanish GDP slows more than expected

Bankia Estudios | Spanish GDP slows more than expected. The provisional GDP data for Q219 has disappointed, by registering a quarterly growth of 0.5%, one tenth below our forecast and the Bank of Spain´s estimate.


During the first quarter, growth was robust in the US and in Spain

Expectations for Spanish GDP growth in 2019 rise to 2.3%

BBVA Research | The recovery of the Spanish economy will continue during the two years 2019-2020. In fact, and despite the risks which still hang over the scenario, growth expectations have been revised upwards one tenth to 2.3% for 2019 and remain at 1.9% for 2020.


How much are Spaniards going to spend next year?

Lower consumer growth weighs on Spanish GDP growth in Q119

Bankinter | Three pieces of positive macro data on the Spanish economy:  GDP grew in the first quarter of 2019 by +2.4% yoy compared to the +2.3% expected and +2.3% in the previous quarter. In inter-quarterly rate accelerated unexpectedly to +0.7% from +0.6% in Q42018. Both are double that of the Eurozone and the 28.


person climbing up stairs

Eurozone GDP: Hitting bottom?

Santander Research | The performance of the Eurozone economy in 2018 was far from meeting expectations. Having exceeded expectations in 2017, with GDP growth yoy of 2.5% – the strongest since the 3.1% in 2007 – the economy registered a strong slowdown in 2018 with caused up to a 1.8% fall yoy in GDP. Although, probably, the growth levels of 2017 were not sustainable – taking into account the economic fundamentals of the Eurozone and the performance of the rest of the world – , the economic slowdown was strong, especially in the second half of 2018. In quarterly terms, GDP went from growing a quarterly average of o.7% in 2017 to only 0.4% in the first half of 2018 and a quarterly average of 0.2% in 2018.


OCDE scenario ,particularly negative, has not been discounted by equities

OCDE Scenario Particularly Negative And, If Fulfilled, Has Not Been Discounted By Equities

The Organisation for Economic Cooperation and Development (OECD) has again downgraded global economic growth for 2019 to 3.3%. However, the most striking point was the strong downgrade of Eurozone GDP growth, which it now forecasts at only 1% when only a few months ago it was expecting 1.8%. Germany and Italy are the countries that emerge worse from this severe downgrade of growth.


Spain's tourism

Spain’s Tourism-Related GDP To Rise Near 3% Between 2018-19, Outperforming The Country’s Economy

Spain has taken advantage of the global rise in tourism, becoming the second most visited country in the world after France. Close to 82 M tourists visited Spain in 2018, a level similar to 2017. CaixaBank expect the industry will be able to keep its number of international tourists at an all-time high in 2019. The evidence points to the sector posting GDP growth rates of around 2.6% in 2019, outperforming 2.1% of the economy as a whole, but below the growth recorded in the past few years.

european union

The Eurozone Joins The “Weak Q1” Club

Eurozone GDP growth in Q1 arrived in line with a GDP tracker at +0.4% on a quarterly basis estimated by AXA IM strategists (versus a consensus of 0.6%) and reflected “the weakness in industrial production in several member states during January and February.”


Spain GDP

Spain Is Far From Complying On Deficit And State Debt Targets

Spain is far from complying on deficit and State debt targets. It’s still surprising that out of a total amount of debt issued equivalent to 137% of GDP, there can be an official debt of 98%, thanks to a cut which, under the EU’s conditions themselves, is fully approved. This growing divergence has been there for years, particularly since the PP entered government in November 2011.