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Published on Wednesday, December 18, 2019

Spain | GDP growth in Q4 (0.4% QoQ) validates 2019 slowdown

At the end of the year, the economy could string together three consecutive quarters with an increase of 0.4% QoQ, below the growth observed since the beginning of the recovery (0.7% QoQ, on average). In this context, job creation has stabilized, there is a more volatile composition of demand and low inflation

Key points

  • Key points:
  • GDP growth remains at around 0.4% QoQ
  • Consumption supports the increase in domestic demand
  • Exports of goods lead the increase in foreign demand
  • Employment rate increases moderately, but so does unemployment
  • Inflation remains low, despite recovering its upward trend

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