{"id":2763,"date":"2019-01-09T22:30:16","date_gmt":"2019-01-10T04:30:16","guid":{"rendered":"https:\/\/trends.ufm.edu\/en\/?post_type=newsletter&#038;p=2763"},"modified":"2019-02-26T14:08:51","modified_gmt":"2019-02-26T20:08:51","slug":"spain-s2-2018","status":"publish","type":"newsletter","link":"https:\/\/trends.ufm.edu\/en\/report\/spain-s2-2018\/","title":{"rendered":"After the Current Slowdown, Should We Fear an Impending Recession?"},"content":{"rendered":"<h3>Contents<\/h3>\n<ul>\n<li>Economic activity<\/li>\n<li>Purchasing manager\u00b4s index<\/li>\n<li>Cyclical consumer demand<\/li>\n<li>Employment<\/li>\n<li>Money supply<\/li>\n<li>Consumer price index and industrial price index<\/li>\n<li>Banking-system assets<\/li>\n<li>Credit to households<\/li>\n<li>Credit trends<\/li>\n<li>Public deficit<\/li>\n<li>Current-account balance<\/li>\n<li>General situation<\/li>\n<\/ul>\n<h3>Author<\/h3>\n<ul>\n<li><strong>\u00c1ngel Mart\u00edn Oro<\/strong><br \/>\u00c1ngel Mart\u00edn Oro is VP of Spain at UFM Market Trends in collaboration with Instituto Juan de Mariana. He is also a PhD-candidate in economics. In addition, he has authored and co-authored many reports and articles, published in prominent Spanish and international media outlets, such as the Wall Street Journal and the Cato Institute.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Spanish economy has deteriorated in recent quarters, in line with a less resilient European economy. Almost all the indicators show this deceleration, from GDP, to vehicle sales and construction permits, to the M1 monetary aggregate and the confidence of agents. The equity market seems to have already priced in the current economic deterioration, even the likelihood of a coming recession. But, for the moment, it is still premature to predict a recession  since there have been none of the classic imbalances and excesses that usually come during an unsustainable expansion prior to a recession . <\/p>\n","protected":false},"author":12,"featured_media":0,"menu_order":0,"template":"","meta":{"anio":"2018","mes":"July - December","id_estadisticas":"stat-spain-s2-2018","newsletter_link":"https:\/\/trends.ufm.edu\/en\/wp-content\/uploads\/2019\/02\/spain-2018s2-ufm-market-trends.pdf","portada_informe":"https:\/\/trends.ufm.edu\/en\/wp-content\/uploads\/2019\/02\/spain-s2-2018.png","subtitulo":"Spain S2 2018 Report","footnotes":""},"tags":[174,13],"class_list":["post-2763","newsletter","type-newsletter","status-publish","hentry","tag-174","tag-spain"],"_links":{"self":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter\/2763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter"}],"about":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/types\/newsletter"}],"author":[{"embeddable":true,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/users\/12"}],"version-history":[{"count":9,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter\/2763\/revisions"}],"predecessor-version":[{"id":2936,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter\/2763\/revisions\/2936"}],"wp:attachment":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/media?parent=2763"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/tags?post=2763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}