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.

Special

The crisis and recovery of Spain’s labour market

During the crisis, unemployment in Spain increased rapidly. In the past years, employment has substantially recovered due to strong economic growth and labour market reforms. That said, the unemployment rate is still high and significant challenges remain.

Economic Report

Italy is testing the limits

On 27 September the Italian government presented its budget target for 2019. The worsened outlook has shocked markets and kept them busy since. The government will expectedly temper part of its plans if necessary to calm markets. That said, the risk that it will do too little too late cannot be neglected.