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    Published on Tuesday, June 18, 2019

    Spain | No signs of slowdown for the moment

    Summary

    GDP growth could be between 0.6% and 0.7% t/t in 2Q19, which, if confirmed, would introduce an upward bias on BBVA Research's growth forecast for 2019 (2.2% a/a). Domestic spending continues to lead economic activity, although exports could have regained some traction

    Key points

    • Key points:
    • Despite uncertainty, GDP maintains a high rate of growth
    • Domestic demand leads growth supported by consumption and residential investment
    • External demand recovers some traction, although uncertainty persists
    • The recovery of the labor could be losing momentum as 2Q19 goes by
    • Inflation fell in May and will decrease again in June

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    Topics

    Authors

    Luis Díez Catalán
    Camilo Ulloa BBVA Research - Principal Economist

    Documents and files

    Report (PDF)

    Activity_Watch_June19.pdf

    English - June 18, 2019

    Report (PDF)

    Observatorio_actividad_jun19_EDI.pdf

    Spanish - June 18, 2019

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