GDP latest publications
The Italian economy has returned to the spotlight in recent weeks due to the risks that its fiscal policy may entail, and as a result of the noise generated by the proposals of something that may resemble a parallel currency.
The economy of Galicia grew 2.7% in 2018, and will still grow 2.2% in 2019 and 2.0% in 2020, creating some 30,300 new jobs in those two years, although some external factors’ contribution shall slow down. Having almost recovered pre-crisis per capita income, creating more and better jobs remains as a challenge
GDP growth could be between 0.6% and 0.7% t/t in 2Q19, which, if confirmed, would introduce an upward bias on BBVA Research's growth forecast for 2019 (2.2% a/a). Domestic spending continues to lead economic activity, although exports could have regained some traction
A batch of May economic indicators are announced today, together with previously released trade and credit data, suggesting that the risk of growth deceleration looms large as US-China trade war remain unsettled. We anticipate more monetary and fiscal easing measures to be deployed to sustain growth momentum.
The European election results were less negative than feared by pro-European parties, but it is still too early to determine the changes that may come about in terms of economic policy. Currently, they are contributing to the aggravation of political problems in some countries.
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 economy of the Basque Country reduced its growth to 2.2% in 2018, and will keep a similar growth rate in 2019 and 2020. It will create 27,000 new jobs during that time, although there are many risks and some are now more likely to materialize. Total employment will be 5.5 percentage points below its pre-crisis level
The Catalan economy grew at a rate of 2.3% in 2018, and will maintain a similar dynamism in 2019 and 2020, with GDP increases of 2.2% and 2.0%. This will allow the creation of 126.000 jobs, reduce the unemployment rate to 9.8% by the end of 2 020 and recover the positive growth differential compared to Spain