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Venezuelan immigrants to Peru over the last three years (more than 800,000, equivalent to 2.4% of the Peruvian population) have had non-negligible impacts on aggregate demand and potential GDP.
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.
October 2, 2019
Eurozone | Weaker growth in 2H19 on worsening global trade, but also lower domestic demand
EZ GDP growth is expected to slow slightly further to 0.1% QoQ in 2H19. Available data so far show worsening exports, especially those to other EU countries, and industrial output. There are further signs on more moderate consumption and subdued investment despite improving labour market and favorable financing conditions.
The economy of Castilla-La Mancha grew 2.8% in 2018, and will moderate its dynamism to grow 2.3% in 2019 and 2.1% in 2020. It will create 44,000 new jobs during that time, in spite of the many risks that remain, some of them being now more likely to materialize. Total employment will be 1.0 pp below its pre-crisis 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.
BBVA Research forecasts indicate that the Spanish economy will grow by less than 2% in 2020. However, this growth could be reduced even further if some of the risks to the international economic scenario materialize.
At its meeting last Thursday, the European Central Bank (ECB) launched a comprehensive package of easing measures, as Draghi had—for all intents and purposes—been signaling over recent months (in his speech at Sintra and, most significantly, at July's monetary policy meeting).
A batch of August indicators announced today pointed to a significant slowdown in economic activities this summer. Together with the previously released trade and credit data, it suggests that the escalating uncertainties from the US-China trade war dampened people’s confidence and hamper economic expansion.