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In the past week, the International Monetary Fund's autumn economic forecast has been published with a downward revision of growth on a global level.
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.
Carlos Urzúa stated that the lack of support for political decisions was the reason; the reasons for his departure are more worrying than the resignation in itself.
Over the last few months, there has been an interesting debate on the cyclical position of the Spanish economy, its potential growth and the output gap.
The Spanish economy will have grown between 0.4% and 0.5% less in 2018 than in 2017 (+3%), with indications that the slowdown will continue in 2019, in a context of increased uncertainty.
January 2, 2019
Spain's Galicia region will once again grow more than the country as a whole in 2019
Galicia has been, in recent years, one of Spain's most dynamic regional economies. According to data from Spanish Regional Accounting, it is the region with the third highest cumulative growth between 2015 and 2017. Thus, it is just below Catalonia and Murcia, and above others such as Madrid, Castile-La Mancha and the Bale…
The economic impact of the tensions currently being experienced in Catalonia is difficult to gauge. One way in which attempts have been made to do so is by constructing indices that seek to calibrate the level of uncertainty felt by households and businesses.
In October economists Olivier Blanchard and Larry Summers coordinated a conference on “Rethinking macroeconomic policy”, a debating forum on the challenges posed for economic policy by the new environment of low levels of inflation and interest rates combined with slow growth in productivity and increasing inequality.