spanish GDP

Spanish economy 1st August 2022

Spain’s GDP Year-On-Year Change Stands At 6.3%

Preliminary GDP for 2Q2022 shows +6.3% YoY growth vs +5.5% YoY estimated by market consensus. In quarter-on-quarter terms it shows +1.1% q/q vs +0.4% q/q estimated by consensus. Bankinter’s analysis team’s opinion:Preliminary data better than expected. After the slowdown in 1Q2022, the second quarter has been favoured by the recovery of Services activity and international Tourism. In our Q3 2022 Strategy we revise the projections for the year to +4.0%…

Spanish economy 24th September 2021

Spain’s Final Q2’21 GDP Marks A Year-On-Year Increase Of 17.5%, Still Below Estimates Of 19.8%

According to National Institute of Statistics, Spanish GDP registered a rise of 1.1% in the second quarter of 2021 with respect to the previous quarter in volume terms. This rate is 1.7 points higher than that recorded in the first quarter and 1.7 points lower than that reported on 30 July. The year-on-year change in GDP stands at 17.5%, compared with -4.2% in the previous quarter. This rate is 2.3 points lower than that recorded on 30 July.

Spanish economy 10th August 2021

What ‘Soft Power’ Is And Why Spain Is A Powerhouse

The Conversation | Spain scores very well in some of the parameters that generate soft power. We have a gastronomy, a cultural heritage, writers, filmmakers and sportsmen of the highest level. All this creates a kind of affection and attraction towards Spain among the citizens of other countries, which results in economic benefits, either through tourism or through the consumption of products made in Spain. In other words, a country’s soft power is its capacity to weave alliances and influence in the international sphere through the interest that the cultural, political or economic attributes of its society arouse in the citizens of other nations.

Spanish economy 1st July 2020

Spain Ends 1H20 On The Verge Of Recession With Structural Reforms And Fiscal Changes On the Horizon

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.

Spanish economy 2nd August 2019

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.

Spanish economy 22nd June 2015

Spanish GDP could grow up to 3.3% in 2015

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.”

In Europe 27th March 2015

The Spanish economy is growing at cruising speed: 3% in now within touching distance

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.

In Europe 26th February 2015

Mixed results across EU

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.

In Europe 12th December 2014

“Temporary factors” force analysts to revise Spanish GDP forecasts upwards

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.

Spanish economy 3rd October 2014

If employment stalls, can GDP grow?

MADRID | By Fernando G. Urbaneja | There is a consensus amongst Spanish economists, who are forecasting a growth in GDP of 1.3% in 2014 and 2% in 2015. The Government shares this view and, on this basis, has already outlined the draft of next year’s budget. It believes that the “recovery and increased employment” phase is already under way, and in fact, that Spain is showing better indexes than the Euro zone average.

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