RaboResearch - Economic Research

Economic Comment

Bad news from Spain, default still unlikely

A lot of bad news has emanated from Spain over the past couple of weeks. This is likely to keep the pressure on the Spanish government bond market. But we still maintain the view that a sovereign default in Spain is unlikely.

Economic Update

Economic Update Spain

Spain is back in recession. The economy contracted by 0.3% q-o-q in 12Q1 – exactly matching the decline in the previous quarter.