RaboResearch - Economic Research

Economic Update

Spain: solid GDP growth on the back of domestic recovery

Rabobank expects the Spanish economy to grow around 2¼% in 2015. This growth is primarily driven by private consumption but public consumption and investment will also contribute positively. Net exports are expected to contribute negatively to GDP as import growth remains strong on the back of domestic demand.

Economic Update

Spain: investment is back, consumption is up

Spain’s economic recovery has strengthened in the third quarter, mainly due to growth in consumption and investment. This also improves next year’s growth outlook. Meanwhile, the external rebalancing is in full swing and government finances are improving.

Economic Update

Spain: GDP and employment growth on the rise

GDP growth remains robust, mainly owing to a rise in private consumption. We expect employment growth to pick up, especially in the services sector. The fiscal reform announced in the wake of next year’s election puts the deficit target at risk.