Markets, especially stocks exchanges, will continue to suffer from a slowdown in global growth. IMF managing director Christine Lagarde warned on Tuesday that expansion in EM as well as in developed ones will be “weaker” than expected in July.
Economic sentiment improves in Spain thanks to industry, services and construction.
Spain’s annual GDP growth accelerates to 3.1% thanks to consumption uptick.
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There has been a severe downward correction in global expectations in August.
New risks and setbacks again threaten Europe’s economic sentiment.
Bank of Spain’s governor Linde considers the government’s forecasts ‘feasible’ but warns about possible risks.
Euro area GDP growth and inflation remain positive but near to zero in the second quarter.
IMF praises Spanish strong recovery but recommends additional reforms to strengthen growth and accelerate the fiscal consolidation.
The US economy is gaining momentum in the second quarter with an estimated 2.3% growth, supported by consumption and construction investment.