- Types of Files Downloads:
Luis Díez Catalán
Luis Díez Catalán is a senior economist for the Spain and Portugal unit at BBVA Research. His fields of interest are macroeconomics and labor economics, and his research focuses on topics such as the global decline in labor’s share of income, the rise of wealth inequality, and the effects of employment protection legislation on labor market outcomes.
He has been an Instructor of Economics at the University of Minnesota (USA) and a research assistant at Banco de España.
Luis holds a PhD in Economics from the University of Minnesota, he completed a Master’s Degree in Economics and Finance at the Centro de Estudios Monetarios y Financieros (CEMFI), and he holds a Bachelor’s Degree in Business Administration from the Universidad Pública de Navarra (UPNA).
The data observed up to February show that GDP would have grown at a rate close to 0.5% QoQ, consistent with a stabilisation of demand and employment at low levels. However, uncertainty about the magnitude of the negative effects of Covid-19 is increasing, implying a significant downward bias
After recovering some traction at the end of 2019, growth could decrease to 0.4% in the first quarter of 2020. Demand composition remains volatile and monthly records continue to show signs of weakness in the labor market
January 31, 2020
Spain | GDP grew 0.5% QoQ in 4Q19, and finished 2019 with an annual increase of 2.0%.
The economy grew 0.5% QoQ (1.8% YoY) in Q4. According to the flash estimate of the INE, the internal demand drained growth (-0.4pp QoQ; 1.2pp YoY), dragged by consumption and investment. On the contrary, the external one added up again (0.9pp QoQ; 0.6pp YoY), thanks to exports. In 2019, GDP grew by 2.0% (2.4% in 2018).