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    Spain | Stable growth, with high internal uncertainty and an upturn in external uncertainty

    Published on Wednesday, May 16, 2018 | Updated on Wednesday, May 16, 2018

    Spain | Stable growth, with high internal uncertainty and an upturn in external uncertainty

    Summary

    Growth stabilises, despite the risks. In the domestic environment, the probable approval of the draft Spanish National Budget introduces an upward bias. However, there has been an increase in the risks associated with trade policy in the US, geopolitical tensions, the price of raw materials and monetary policy in emerging countries.

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    BBVA Research BBVA Research

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    Observatorio_actividad_may18

    Spanish - May 16, 2018

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