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Spain S1 2021 Report

Strong Economic Recovery Driven by the Active Role of the Public Sector and Credit Expansion

The strong growth rate in Spain during the second quarter of 2021 has caused economic agents to be more optimistic regarding the possibility of a fast recovery to pre-2020 levels. Although uncertainty remains high and risk factors remain in principal economic areas, it appears that the coming quarters will be good ones. This report reviews the primary indicators in the Spanish economy in order to evaluate the current situation, the effects of recent events, and where things might be headed.


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Contents

  • Economic activity
  • Purchasing manager´s index
  • Cyclical consumer demand
  • Employment
  • Money supply
  • Consumer price index and industrial price index
  • Banking-system assets
  • Credit to households
  • Credit trends
  • Public deficit
  • Current-account balance
  • General situation

Author

  • David de Bedoya
    David has over 5 years of working experience at Nazca Capital. Nazca Capital is a private equity firm which has managed over €1bn to invest in family-owned spanish companies since its foundation in 2001. David is working currently as an Investment Director. Previously, David worked in the corporate services industry in Europe during 4 years, having worked in investment banking (3 years advising mergers and acquisition in a pan european firm from its Madrid office) and in strategic consultancy specialised in the life science and med-tech sectors (based in Munich). David holds a degree in business administration specialized in finance and holds a degree in law, both from Universidad Pontificia Comillas, ICADE (Madrid).
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