Spain | GDP growth stabilizes at around 0.5% QoQ

Summary

GDP growth in Q3 could be around 0.5% QoQ, a slightly weaker evolution than that consistent with the BBVA Research outlook for 2019 (2.3% YoY). Partial economic indicators show some signs of weakness on domestic demand and job creation, while external demand could grow again

Key points

• Key points:
• Downward pressure on GDP growth
• Domestic demand continues to show signs of weakness
• External demand may grow again, but the uncertainty stemming from the global environment remains
• The sluggishness of the labor market continues
• No signs of demand inflationary pressures

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