Spain | GDP growth in Q4 (0.4% QoQ) validates 2019 slowdown

Summary

At the end of the year, the economy could string together three consecutive quarters with an increase of 0.4% QoQ, below the growth observed since the beginning of the recovery (0.7% QoQ, on average). In this context, job creation has stabilized, there is a more volatile composition of demand and low inflation

Key points

• Key points:
• GDP growth remains at around 0.4% QoQ
• Consumption supports the increase in domestic demand
• Exports of goods lead the increase in foreign demand
• Employment rate increases moderately, but so does unemployment
• Inflation remains low, despite recovering its upward trend

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