Spain: upward forecasts despite the slowdown

Summary

A week ago, BBVA Research revised its GDP growth forecast for 2019 upward one tenth to 2.3%, twice as much as in the eurozone. Days later, the IMF did the same and its forecast was also raised to 2.3%.

Key points

• Key points:
• Spain's performance has been consistently better in recent years than the IMF envisaged, and it has been an example in Europe of the successful reforms.
• Despite their small magnitude, these upward revisions contrast with uncertainty about the global economy and the effects of tariff tensions.

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