Spain | No signs of deceleration in 1Q18, despite the uncertainty

Summary

Despite the increase in uncertainty related to the political environment in Catalonia, the Spanish economy is continuing to grow at the beginning of the year. It is estimated that the quarterly advance of GDP (QoQ) could reach 0.8% QoQ in 1Q18. If this estimate should be proved correct, it would represent an upwards bias over BBVA Research’s estimated growth for 2018 (2.5%).

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