Europe Economics Focus How fast can Spain grow? The relief rally in Chinese equities prompted by additional policy stimulus has turned global sentiment around, but a sustained recovery in commodity prices will probably require hard evidence that... 18th August 2015 · 1 min read
Europe Economics Weekly Can the Spanish economy keep its place in the sun? Spain is set to remain the fastest growing of the major euro-zone economies for the next few quarters. But while the economy’s fundamentals have improved, the recent impressive growth rates also rest... 7th August 2015 · 1 min read
Europe Data Response German, French & Spanish Industrial Production (Jun.) June’s industrial production from the euro-zone’s major economies suggested that next week’s figures on GDP growth in the currency union will reveal a slowdown from the already modest growth rates... 7th August 2015 · 1 min read
Europe Data Response Spanish GDP (Q2 est.) & HICP (Jul.) While Spain’s economic recovery gathered more pace in the second quarter, the large amount of spare capacity is still sustaining deflationary pressures in the economy. 30th July 2015 · 1 min read
Europe Economics Weekly Weak growth hindering euro-zone’s fiscal progress Greece last week passed the necessary reforms to start negotiations with its creditors on a third bailout. But with the country back in recession, it will struggle to meet the creditors’ fiscal goals... 24th July 2015 · 1 min read
Europe Economics Focus Italy’s recovery: lessons from Iberia Spain’s and Portugal’s recoveries offer some hope for Italy, the periphery’s laggard. But Italy’s exports are still too uncompetitive and its firms too unprofitable to mimic the export and investment... 22nd July 2015 · 1 min read
Europe Economics Update Spanish households face tougher years ahead Spanish households will struggle to maintain their recent impressive rates of spending growth. And with households facing years of stagnant wages and high unemployment, opposition to further economic... 17th July 2015 · 1 min read
Europe Commercial Property Update Further yield hardening means peripheral markets will be vulnerable Greece’s future in the euro-zone is still far from secure, and upcoming general elections in Portugal, Spain and Ireland could lead to significant political changes. Nevertheless, given that property... 16th July 2015 · 1 min read
Europe Economics Update Spain’s external adjustment has further to run While Spanish exports continue to perform well, imports are also surging as domestic demand recovers. Without further competitiveness gains, Spain’s current account risks falling back into deficit. 19th June 2015 · 1 min read
Europe Economics Update Spain’s trio of economic tailwinds to fade Spain has benefitted from a trio of temporary tailwinds over the last year: the weaker euro, falling oil prices and a pause in fiscal austerity. So official forecasts may be wrong to assume that the... 8th June 2015 · 1 min read
Europe Economics Weekly Strong growth won’t halt rise in Spain’s debt ratio Spain’s economy continues to go from strength to strength and could well grow by more than 3% this year. But with the large amount of spare capacity set to keep inflation negative or low, and growing... 29th May 2015 · 1 min read
Europe Data Response EC Business & Consumer Survey (May) The European Commission’s monthly Business and Consumer survey for May offered some assurance that the modest euro-zone recovery has continued despite the ongoing Greek crisis. 28th May 2015 · 1 min read
Europe Data Response Spanish GDP (Q1 est.) & CPI (April) While Spain’s economic recovery gathered further pace in the first quarter, the large amount of spare capacity left in the economy is sustaining deflationary pressures. 30th April 2015 · 1 min read
Europe Economics Update Are Irish and Spanish housing bubbles reflating? Revivals in Spain’s and Ireland’s housing markets should help to support their wider economic recoveries. While Spain’s housing recovery is likely to be slow, Ireland’s is already going strong. This... 27th April 2015 · 1 min read
Europe Data Response French & Spanish Industrial Production (Feb.) February’s French industrial data suggested that activity in the euro-zone’s second-largest economy may have gained a little pace at the start of 2015. And the healthy rise in Spanish production... 10th April 2015 · 1 min read
Europe Economic Outlook Recovery prospects clouded by Greece Recent indicators have brought signs of a renewed recovery in the euro-zone economy, reflecting the beneficial effects of lower oil prices and the decline in the euro exchange rate. But the picture... 8th April 2015 · 1 min read