Extremadura economic outlook. First half 2015

Summary

A range of factors have contributed to the acceleration in growth being enjoyed by Extremadura’s economy. First, internal demand has performed better over the last year, supported by an improvement in confidence and a reduction in fiscal tightening. Second, external demand once again made a positive contribution. For the future, the fundamentals account for the consolidation in the recovery because of greater-than-expected global growth, expansionary monetary policy in Europe with its attendant euro depreciation and, at the same time, the fall in the price of oil. Even so, there are persistent risk factors. Further afield, there are external geopolitical uncertainties; closer to home, in Europe and Spain, the complicated electoral calendar.

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