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The recent review by the INE (Spanish Office of National Statistics) of the Quarterly Accounts came as a surprise, with growth in the second quarter falling below previous progress and the forecasts by analysts and experts.
Spain is heading for its fourth general election in four years. The Spanish economy has slowed during this period, with GDP growth falling from 4% at the end of 2015 to 2.1% in the second quarter of 2019.
A week ago, BBVA Research revised its GDP growth forecast for 2019 upward one tenth to 2.3%, twice as much as in the eurozone. Days later, the IMF did the same and its forecast was also raised to 2.3%.
Our GDP growth forecast for Portugal has been slightly revised downwards to 1.5% 2019. The Portuguese economy must successfully face many long-term challenges to seize the opportunities of the digital revolution
After an unprecedented crisis, Spain has overtaken pre-crisis levels of income per capita due to a favorable combination of external and domestic factors. Although it is difficult to estimate their exact contribution, behind the current economic recovery are the effects of structural reforms, in labor and product markets, t…
In addition to facing global challenges, the Spanish economy must face a broad set of reforms and policies to successfully overcome its challenges in the long term, make the most of the opportunities opened up by the digital revolution, increase productivity and employment rates, and resume the path toward convergence with …