The stability in Spain’s growth in the fourth quarter compared with the third is the result of two forces pulling in opposite directions: the strength of the export markets has offset the adverse effect of increased political uncertainty in Catalonia.
spain political uncertainty
The Spanish bourse was the worst performer in Europe in 2015. But it is not yet ready for a rally. According to influential Anglo Saxon newspapers there are some extremely negative and toxic elements in Spain with regard to regulated sectors following the December 20 elections. These could affect the risk premium and the risk-free rate etc, with the consequence negative impact on companies’ WACC and valuations.