The First Green Shoots... Are They Sustainable?

Report

The First Green Shoots... Are They Sustainable?

40 mins.
06 JUNE, 2020
ANALYSTS:
Leopoldo Torralba null
Ignacio de la Torre null
CATEGORIES:
Coronavirus Macro Global Spain US Europe China AER Global
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Recently released activity data gives us a glimpse of what is happening in Spain in the first stage of the de-confinement process. We have analysed a host of diverse data, trying to capture the main underlying trends. We study traditional and alternative data on economic activity in May, both for Spain and other relevant countries (China, USA and Europe), incorporating indicators from the real estate sector.
What is our vision regarding the accuracy of the latest data?
What are the main green shoots observed in Spain?
What are the main upside and downside risks moving forward?