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In 2024, prospects will improve, with service exporting communities benefiting most, while stagnant exports limit the progress of many industrial regions. In 2025, growth moderates and shifts to areas with less tourism weight.
As part of the long tradition of calling economics the “dismal” science, I would like to review some of the risk scenarios facing the Spanish economy, now that BBVA Research has raised its GDP growth forecasts for 2024 and 2025 to 2.9% and 2.4%, respectively.
Spain faces a fiscal adjustment of around 2.5 percentage points of GDP over the next few years. Its debt and public deficit levels make it vulnerable and must be improved through a more efficient set of public policies.
In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.
GDP growth forecasts have been revised upwards by 0.4 percentage points for 2024 to reach 2.9%, and by 0.3 pp for 2025 to reach 2.4%. This is due to statistical revisions of historical data, recent developments more favorable than expected, and…
This Working Paper contains homogenized series of regional funding (constructed on the basis of homogeneous competences and equal fiscal effort) from 2002 to 2022.
Despite uncertainty and high interest rates, investment remains strong in countries like the U.S. and France, especially in intellectual property and ICT, but not in Spain, Canada, and most emerging markets. GDP growth remains key, but digitalization and climate transition policies will drive future investment.
Immigration has been a key factor supporting the growth of the Spanish economy in the wake of the pandemic. The labor market, economic and social integration, and training of immigrants all require priority attention from policymakers.
In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.
While many economic policy decisions are made with the best intentions in mind, things do not always go as planned. Numerous examples of this can be found in the real estate market.
Social Security affiliation increased by 8,800 while unemployment by 3,200. After adjusting for seasonality, the number of contributors rose by 24,000, and the unemployed dropped by 14,000. In Q3 2024, affiliation grew by 0.3% QoQ SWDA (0.8% in Q2 2024), and unemployment declined by 0.8% QoQ SWDA (-2.1% in Q2 2024).
The tourism industry in Spain must adapt to the expected changes in climatic conditions by increasing hotel capacity in the north of the country, improving facilities and infrastructure and diversifying tourist attraction areas, thus ensuring greater growth and long-term sustainability.
