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null Is First-quarter 2022 Spanish GDP a Cause for Concern?

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Is First-quarter 2022 Spanish GDP a Cause for Concern?
29 Apr 2022
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Clock 10 mins.
CATEGORIES: AER Global AER Personal AER España Spain Macro Spain
ANALYSTS:
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Leopoldo Torralba
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Ignacio de la Torre
Spain’s GDP data for the first quarter of 2022 was released last Friday, growing at a 0.3% rate, (1.2% annualised) versus the expected 0.9% (3.6% annualised) In this brief note, we examine the drivers for this GDP change and whether they’re a cause for concern. Will our projection for Spanish GDP growth in 2022 change compared to 2021 on a full-year basis?
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