Yesterday, it was confirmed the historical collapse of Spanish GDP: it declined 5.2% until March due to Covid-19, its biggest quarterly fall recorded in the historical series. With a contraction of the activivity in the second quarter greater than that in the first taken for granted, Spain is facing a recession. In this context, the Bank of Spain argues that the only way to bring the country’s accounts back under control after the pandemic will be the combination of fiscal adjustment and structural reforms.
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.
The Corner | June 21, 2015 | Rating agency Moody’s expects Spanish GDP to grow by 2.7% in 2015 and highlights the employment creation in the last quarter of 2014. But the country still “faces important challenges such as a public deficit that might hamper growth in the mid term.”
MADRID | March 27, 2015 | By Francisco López | The Spanish economy is currently growing at cruising speed and looks set to remain at its current altitude in the medium term, with the possibility that growth could exceed 3% this year.
The Corner | February 26, 2015 | Markets will be closely observing a swathe of data from the EU after positive figures from Germany and Spain. The consumer and business confidence indexes and the industrial and economic sentiment surveys are due to be published later this morning.
MADRID | Francisco López | The oil collapse, depreciation of the euro, low interest rates and the reduction of personal income tax are “temporary factors” that will allow the Spanish economy to grow faster than expected, according most analysts. Funcas forecasts that Spanish GDP will grow by 2.4% in 2015, 0.2 higher than their previous estimates.
MADRID | By Fernando G. Urbaneja | There is a consensus amongst
MADRID | By Luis Arroyo | Spanish 1Q GDP was released on Friday. Data were shameful and let me explain you why: in order to reduce the public deficit, the government transfered 2013 4Q public spending to 2014 1Q. So these last numbers are those they had tried to hide under the carpet. In the graph above, the blue and line represent private and public consumption, respectively.