RaboResearch - Economic Research

Economic Update

Economic Update Spain

The first estimate of the GDP figure showed that the recession continued during 13Q1. However, there is also more positive news. The rise of the jobless rate seems to slow down and the drop in inflation might put downward pressure on wage growth.

Country Report

Country Report Spain

Given the weak economic outlook and high unemployment, it will remain a tough challenge for the government to push through its austerity and reform agenda. Regarding structural reforms that improve long term potential growth, Spain remains on track.