'The law of silence' and the potential of the Spanish economy
Published on Tuesday, March 3, 2020
'The law of silence' and the potential of the Spanish economy
Since the beginning of the recovery, GDP growth in Spain (2.6% per year) has been one of the highest among the large developed economies and consistently higher than that seen for the EMU as a whole (1.8%), but is this a valid and sustainable point of reference for the coming years?
Key points
- Key points:
- The answer depends on whether this performance has been due to a temporary factor or whether it represents a structural improvement in growth capacity.
- In the case of the Spanish economy, there have been several temporary factors.
- There are also structural changes—shared by other countries around us—that put downward pressure on growth.
Documents to download
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Press article (PDF)
MiguelCardoso_La_ley_del_silencio_y_el_potencial_de_la_economia_espanola_Invertia_ElEspanol_WB.pdf Spanish March 3, 2020
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