{"id":4091,"date":"2019-12-19T08:14:45","date_gmt":"2019-12-19T14:14:45","guid":{"rendered":"https:\/\/trends.ufm.edu\/en\/?post_type=newsletter&#038;p=4091"},"modified":"2019-12-19T08:14:45","modified_gmt":"2019-12-19T14:14:45","slug":"spain-s2-2019","status":"publish","type":"newsletter","link":"https:\/\/trends.ufm.edu\/en\/report\/spain-s2-2019\/","title":{"rendered":"The Current Slowdown Does Not Have to Lead to a 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 the context of a less buoyant European and global economy. All indicators mark this slowdown, particularly the labor market, the real estate sector, and manufacturing. Financial markets declined earlier, and today they do not seem to be pricing in further economic deterioration, although different types of assets are performing differently. At the moment, it is premature to speak of a recession, given the lack of imbalances and excesses characteristic of all phases of unsustainable expansion prior to a recession.<\/p>\n","protected":false},"author":12,"featured_media":4095,"menu_order":0,"template":"","meta":{"anio":"2019","mes":"","id_estadisticas":"stat-spain-s2-2019","newsletter_link":"https:\/\/trends.ufm.edu\/en\/wp-content\/uploads\/2019\/12\/spain-2019s2-ufm-market-trends.pdf","portada_informe":"https:\/\/trends.ufm.edu\/en\/wp-content\/uploads\/2019\/12\/spain-s2-2019.png","subtitulo":"Spain S2 2019 Report","footnotes":""},"tags":[227,13],"class_list":["post-4091","newsletter","type-newsletter","status-publish","has-post-thumbnail","hentry","tag-227","tag-spain"],"_links":{"self":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter\/4091","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":2,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter\/4091\/revisions"}],"predecessor-version":[{"id":4094,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter\/4091\/revisions\/4094"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/media\/4095"}],"wp:attachment":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/media?parent=4091"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/tags?post=4091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}