Spain | GDP growth remains solid in 2Q19, despite uncertainty.

Summary

The growth of the Spanish economy may stand between 0.6% and 0.8% QoQ during 2Q19, which would introduce an upward bias on BBVA Research's forecast for 2019 (2.2%). Domestic spending leads the advance of activity and uncertainty over external demand remains high.

Key points

• Key points:
• GDP continues to show a high rate of growth
• Domestic demand remains at the forefront of growth
• Uncertainty about the evolution of external demand persists
• The dynamism of job creation continues at the start of the second quarter
• Inflation stabilizes slightly above 2.0%.

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