Spain’s financing capacity at minimal levels
Bankia Estudios | Although the Spanish economy continued generating financing capacity, it finds itself on a downward trend, burdened by the deterioration of the external environment, so that it closed last year at post 2014 lows (1.5% of GDP). The correction of the public deficit has been amply compensated for by the deterioration in the financial position of the private sector, above all of households which, with savings rate at historical lows, have registered financing needs for for the second consecutive year.