In this Watch, the structural factors that allow us to explain the cyclical behavior of the Spanish economy during 2018 are evaluated, and the impact of the main changes affecting GDP and, in particular, the foreign sector is analyzed.
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Housing demand is already picking up, thanks to increased household confidence, job creation and lower interest rates. The accumulation of housing inventories stabilised, albeit above the historical average. On the other hand, a gradual acceleration of logistics (industry, ports) and educational demand is expected, which wi…