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null Is Election Uncertainty Dragging Spanish Growth?

Is Election Uncertainty Dragging Spanish Growth?
25 Sep 2019
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Clock 45 mins.
CATEGORIES: AER Premium Spain Macro Spain Politics Economic Policy
Ignacio de la Torre
On 24 September 2019, the Bank of Spain reduced its 2019 growth estimate for the country from 2.4 to 2.  Since then, the media has heralded an ‘abrupt’ slowdown, generally attributed to the current political stalemate. That analysis is debatable.  In this report, we explore the data behind the downward revision, analyse the international situation, and position ourselves regarding growth prospects in the current political climate.