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Published on Monday, October 14, 2019 | Updated on Wednesday, October 23, 2019

Spain Economic Outlook. Fourth quarter 2019

The growth of the Spanish economy is revised downwards to 1.9% in 2019 and 1.6% in 2020, due to the historical revision of the activity data, the negative trend of some demand components and the deterioration of the international context

Key points

  • Key points:
  • The prospects of a slowdown in global economic activity are strengthened, in an increasingly uncertain environment marked by trade tensions
  • The pace of progress in activity will remain moderate, supported by a weak domestic demand
  • Monetary policy will only partially alleviate the effects of a more turbulent international environment
  • The labor market cools down in the third quarter, although its recovery is expected to continue in the future
  • Despite lower growth expectations, risks continue on the downside

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