The Spanish economy has maintained solid growth during the second quarter of 2015 despite the summer’s financial turbulence and global economic slowdown. External stimulus has come from energy cost savings resulting from low oil prices and declining financing costs.
The Spanish economy has maintained solid growth during the second quarter of 2015 despite the summer’s financial turbulence and global economic slowdown. External stimulus has come from energy cost savings resulting from low oil prices and declining financing costs.
On the national front, the most notable issue is the political uncertainty resulting from the December 20 general election. It is still early to precisely ascertain its impact on the decision-making of economic agents. While it is true that we have identified a decline in foreign direct investment in Spain, we prefer to be cautious in our analysis.
At the present time, given the information at hand and which will be addressed in our report, the Spanish economy remains on a positive path with stable growth at around 3% annually, albeit tinged by the shadows of political uncertainty. Nonetheless, the risks and vulnerabilities being confronted should not be overlooked, especially if we recognize that favorable financing costs and very cheap oil prices will not last forever.
