Colombia Economic Outlook. Second quarter 2018
GDP growth will accelerate, reaching a rate of 2.0% in 2018 and 3.0% in 2019, driven by private spending. Inflation will converge to the 3.0% target and will allow the Central Bank to reduce its rate to 4.0% in the second quarter of this year. The exchange rate will depreciate in the second half of 2018.
Infographic Spain Economic Outlook. Second quarter 2018
The Spanish economy will grow 2.9% in 2018 and 2.5% in 2019, above those forecasted three months ago. The favorable external environment and the lower long-term financing cost offset the impact of economic policy uncertainty. This scenario is consistent with the creation of one million jobs and the reduction of the unemployment rate below 14%.
Presentation Spain Economic Outlook. Second quarter 2018
The Spanish economy will grow 2.9% in 2018 and 2.5% in 2019, above those forecasted three months ago. The favorable external environment and the lower long-term financing cost offset the impact of economic policy uncertainty. This scenario is consistent with the creation of one million jobs and the reduction of the unemployment rate below 14%.
Spain Economic Outlook. Second quarter 2018
The Spanish economy will grow 2.9% in 2018 and 2.5% in 2019, above those forecasted three months ago. The favorable external environment and the lower long-term financing cost offset the impact of economic policy uncertainty. This scenario is consistent with the creation of one million jobs and the reduction of the unemployment rate below 14%.
Castile and Leon Economic Outlook 2018
The economy of Castile and Leon grew 1.9% in 2017 and GDP is expected to accelerate its growth to 2.5% in 2018 and 2.4% in 2019. This will add around 35,000 new jobs in the period and unemployment shall drop to 9.9%. Although pre-crisis GDP will be recovered, creating more and better jobs remains as a challenge.
Available in Spanish
Extremadura Economic Outlook 2018
The economy of Extremadura grew 2.4% in 2017 and will grow 2.7% in 2018 and 2.4% in 2019. This will add around 10,000 new jobs in the period and unemployment shall drop to 23,3%. Although pre-crisis GDP will be recovered, creating more and better jobs remains as a challenge.
Available in Spanish
Galicia Economic Outlook. First Half 2018
The economy of Galicia could have grown 2.8% in 2017 and will grow at least 2.6% in 2018 and 2.3% in 2019. This will add around 27,000 new jobs in the period and unemployment shall drop to 12.1%. Although pre-crisis GDP will be recovered, creating more and better jobs remains as a challenge.
Available in Spanish
Portugal | GDP growth will continue to remain sound in 1Q18
Portugal saw out 2017 with the highest growth in GDP recorded since 2001, 2.7% YoY. The most recent monthly indicators confirm the trends in consumption and investment, signalling that the Portuguese economy will grow by around 0.7% QoQ in 1Q18, making it possible to maintain GDP growth forecasts for the whole of 2018 and 2019 at 2.3% and 1.8% respectively.
Available in Portuguese, Spanish, English
Balearic Islands Economic Outlook 2018
The economy of the Balearic Islands is estimated to have grown at 4.1% in 2017. Looking ahead, regional GDP is expected to grow by 3.0% in 2018 and 2.6% in 2019. This would allow the creation of 36,000 new jobs and would reduce the unemployment rate to 7.1% at the end of 2019, very close to the historical low reached in 3Q16 (5.5%).
Available in Spanish
Aragon Economic Outlook. First semester 2018
The economy of Aragon could have grown 3.2% in 2017 and will grow at least 2.4% both in 2018 and 2019. This will add around 21,000 new jobs in the period and unemployment shall drop to 7.7%. Although pre-crisis GDP and GDP per capita will be recovered, creating more and better jobs remains as a challenge.
Available in Spanish
The impact of technological change and the future of employment
In this presentation, held at the 4th Tax and Finance Law Meeting at the Tax Studies Institute, an overview and history are given of the effects of technological progress. The effects of Industrial Revolution 4.0 are analysed and public policies are addressed, as well as the management of technological and digital transformation.
Available in Spanish
Valencian Community Economic Outlook. First half 2018
The economy of Valencian Community grew 3.2% in 2017 and will grow 2.4% both in 2018 and 2019. This will add around 100,000 new jobs in the period and unemployment shall drop to 13.3%. Although pre-crisis GDP per capita will be recovered, creating more and better jobs remains as a challenge.
Available in Spanish
Spain Regional Watch. First quarter 2018
The progressive deceleration of domestic demand and foreign tourism, together with an improvement in the export sector of goods and the effects of Catalan political tension, bias the growth towards the peninsular center. The unemployment rate will approach minimums at the end of 2019 in some Autonomous Communities.
Available in Spanish
Portugal consolidates its economic recovery
According to the information available, 4Q17 Portuguese GDP grew at 0.4% QoQ, SWDA, a similar rate to that seen in 3Q17. This would be consistent with the latest BBVA Research scenario for Portugal (+2.6% in 2017 and +2.3% in 2018).
Available in Portuguese, Spanish, English
Brazil Economic Outlook. First quarter 2018
The economy has recovered faster than expected in 2017. Taking this and the improvements in the global environment into account, we revised our growth forecasts upwards. We expect that, after growing 1.0% in 2017, GDP will grow 2.1% in 2018 and 3.0% in 2019. However, the materialization of political and fiscal risks could bring the recovery process to an end.
