Europe Economics Update Latest Spanish fiscal package won't save the day The latest Spanish fiscal package shows that the Government is willing to pull out all the stops to prevent a steep economic contraction. But with the effects on the economy of the housing market... 27th November 2008 · 1 min read
Europe Economics Update Spanish housing market downturn gathers pace The latest Spanish house price data provide further evidence that the housing market is set for a hard landing. We expect house price falls of around one third over the next few years to push the... 15th October 2008 · 1 min read
Europe Economics Update Spanish house prices to fall by 25% The recent run of terrible economic news from Spain and the sharp falls in house prices in a number of other developed economies have led us to revise down our forecast for Spanish house prices. We... 13th August 2008 · 1 min read
Europe Economics Update Falling house prices pile further pressure on Spain The latest housing market data from Spain revealed that house prices have begun to fall. Over the coming quarters, we expect the slowdown to pick up pace, causing a further downturn in the... 15th July 2008 · 1 min read
Europe Economics Update Industrial sector adding to Spain’s woes Spanish football may be flying high at the moment, but Spain’s industrial activity indicators have recently divebombed, adding to the economy’s mounting woes. 1st July 2008 · 1 min read
Europe Economics Update From bad to worse for Spanish consumers The recent run of bad news from Spain suggests that consumers’ wallets will remain firmly closed this year. While the Government’s fiscal package may provide households with a temporary boost in the... 3rd June 2008 · 1 min read
Europe Economics Focus How vulnerable are Spanish banks to a property crash? The Spanish banking system looks in relatively good health compared to those of some other eurozone economies. Nonetheless, a major adjustment in the domestic property sector could still cause banks... 27th May 2008 · 1 min read
Europe Economics Update Spain’s fiscal boost won’t offset the housing market downturn The latest news on the Spanish housing market supports our view that it is only a matter of time before house prices fall sharply with significant adverse effects on the wider economy. 18th April 2008 · 1 min read
Europe Economics Update Slump in Spanish business surveys raises risk of recession The sharp fall in the latest indicators of Spanish business activity provides further evidence that the economic slowdown has spread well beyond the housing-related sectors. We maintain our view that... 3rd April 2008 · 1 min read
Europe Economics Update Zapatero's victory won't change the outlook for Spain Jose Luis Rodriguez Zapatero’s victory in Sunday’s general election paves the way for the implementation of a new fiscal package aimed at reviving Spain’s ailing economy. But on its own, this will not... 10th March 2008 · 1 min read
Europe Economics Update Industrial slump adds to Spain's pre-election woes Evidence of a major slump in Spain’s industrial sector has further worsened the outlook for the economy ahead of this weekend’s general election. We remain concerned that, whatever the outcome of the... 3rd March 2008 · 1 min read
Europe Economics Focus How hard will it rain in Spain? Most commentators are agreed that the Spanish economy is heading for a slowdown. But we think the “consensus” forecast of a relatively soft landing is too optimistic. We expect a major downturn in the... 14th February 2008 · 1 min read
Europe Economics Update Outlook remains bleak for the Spanish housing market The latest Spanish house price data revealed that house prices rose solidly in Q4 last year. Nonetheless, other indicators of housing market activity are much less healthy and we continue to expect... 18th January 2008 · 1 min read
Europe Economics Update Spanish inflation to squeeze household spending Spanish CPI inflation surged to 4.3% in December, its highest rate in over 12 years. The widespread system of indexing wage settlements to inflation in Spain should ultimately protect workers’ incomes... 3rd January 2008 · 1 min read
Europe Economics Focus Is Spain heading for a hard landing? Spain has enjoyed one of the fastest rates of expansion in the euro-zone in recent years, thanks largely to rapid growth in domestic demand and, in particular, household spending. But several factors... 17th August 2006 · 1 min read
