Automatic translation from Google Translate:
Spanish GDP growth to remain strong up to 2021 according to the bank of Spain
The central bank of Spain has just released its expectations for the next 3 years in its last economic report.
The Spanish Economy remains very strong.
|Unemployment – Left Scale||16.5%||14.6%||14.1%||12.9%||12.2%|
What are the major trends?
Continuation of the growth period but at a slightly slower pace than before.
- All the growth expectations are revised slightly downwards since the last release
- Inflation remains under control helped by low oil prices
- Growth is mainly driven by private consumption
- Unemployment should continue to decrease to 12.2% in 2020 (from 16% now)
What are the major risks according to the bank of Spain?
In the world?
- Uncertainty linked to the Federal reserve policy and its impact on the emerging markets
- Protectionist policies around the world
- Brexit uncertainties
- Fragmented situation in the Parliament
- Political uncertainty in Catalonia
Here are the 2019 GDP Growth expectations for all the European countries
According to the European commission released in the Winter 2018, the Spanish growth is expected to be 2.6% according to the EU Commission.
Find many of those statistics updated in our table: Economic Indicators on Spain
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