Spain | The economy evolves at cruising speed in 1Q19 despite uncertainty

GDP growth in 1Q19 may stand between 0.6% and 0.8% QoQ. This is consistent with BBVA Research's forecast for 2019 (2.4% YoY). In any case, the risks and their possible realization during the coming months, put a downward bias on the scenario. Domestic demand leads the advance in activity while some components of foreign demand show signs of weakness.

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