RaboResearch - Economic Research

Economic Report

Spain: Strong recovery does not justify complacency

To preserve healthy economic growth rates in the medium term, the Spanish government should speed up the labour market recovery and deal with remaining challenges. Elections in 2019 could break the reform deadlock, but not necessarily in a positive way.

Economic Report Dutch version

Spain is not Italy!

Unlike in Italy, Spain’s new government is very much pro-EU and has indicated to comply with the European budget rules. The economic impact of the government shuffle will expectedly be very limited in the short term. Early elections are likely.

Economic Report

Catalan separatists tone down defiant stance

The risk of a new clash between Catalonia and Madrid in the coming weeks has dropped. Tensions will remain high in the coming years, but Catalonia will stay part of Spain. Notably, the political crisis has had limited impact on Spain’s economy.

Economic Report

Separatists will likely win Catalan elections

The separatists will likely win today’s elections in Catalonia, but they might lose their absolute majority. While a fresh push towards unilateral independence is unlikely, it could take many years before tensions actually recede.