Spain Regional Watch. Third quarter 2017
Tourism in the Balearic and Canary Islands, investment in Andalusia and Murcia and exports in CC. AA. as Asturias, together with consumption that slows down less than expected, justify the upward revision of Spain's GDP to 3.3% in 2017. Balears, Canarias, Madrid, Murcia and Andalusia continue to lead growth
Available in Spanish
Portugal: growth forecast for 2017 and 2018 raised
Available data point to a stabilisation of GDP growth during 2Q17 at around 0.5% QoQ, SWDA1. This estimate is likely to be the result of the continued growth of private consumption and the positive contribution of both the construction sector and tourism.
Available in Portuguese, Spanish, English
U.S. | Big Data, Dwindling Participation
How Big Data helps in understanding secular declines in U.S. prime age labor force participation
Questions about the recovery
Should wages be increased? If so, by how much? Can the export sector continue to drive growth in employment? Is a bubble being formed in the property market? These are some of the questions that will be asked now that the Spanish economy is entering a phase of prolonged growth.
U.S. | Weekly podcast: employment and construction spending
Weekly economic update focusing on the major economic indicators to be released the week of July 3, 2017
Budgetary stability and reforms: lessons from the crisis and challenges pending
All the signs are that in the next few days Congress will give its definitive approval to the General State Budget for 2017 following intense debate. The pace and make-up of fiscal consolidation and the fiscal policy options have again been subjected to multiple amendments.
Portugal: growth once again surprise positively in 1Q17
The growth rate of the Portuguese economy in 1Q17 accelerated to 1.0% QoQ, surpassing the BBVA Research estimate (0.2% QoQ). The quarterly growth was due to the positive contribution of external demand (0.8pp), given the strength exports have once again shown in a context of import slowdown.
Available in Portuguese, Spanish, English
U.S. | Weekly podcast: employment, inflation and housing
Weekly economic update focusing on the major economic indicators to be released the week of May 15. Special topic: April employment and inflation reports
U.S. | Weekly podcast: GDP and employment
Weekly economic update focusing on the major economic indicators to be released the week of May 1, 2017. Special topic: 1Q GDP
U.S. | Weekly podcast: employment, inflation and retail sales
Weekly economic update focusing on the major economic indicators to be released the week of April 10, 2017. Special topic: March employment report
