21 dic 2016
Economic outlook

The Spanish economy continued to grow at a high pace and above the European average

Economic evolution in the third quarter 2016: CEOE publishes a new issue of his "Economic Outlook".

The international economic outlook is becoming increasingly more uncertain, especially in advanced countries, however, financial markets reacted with some optimism. Nonetheless, we will have to follow the evolution of financial markets closely, especially bearing in mind the current crisis in which the Italian banking industry is immersed. 

In this scenario of greater uncertainty in Europe, the ECB announced an extension of its asset purchase program, which will be in force throughout 2017. The expected increase in inflation is based, in part, on the rebound in oil prices.

International trade
International trade — ©Dreamstime

Although forecasts from various international organizations point to improved global growth in 2017 and 2018, there are a number of downside risks, including: geopolitical uncertainty, rising protectionism, a hypothetical disorderly adjustment in China, or a certain destabilization in the Eurozone due to the effects of Brexit, the situation in Italy and the upcoming elections in Germany and France.

The Spanish economy continued to grow at a high pace and above the European average (0.3%) in the third quarter, although said quarterly rate slowed down slightly to 0.7%, vs. the 0.8% in previous quarters. In annual terms, the GDP grew by 3.2%. The most notable aspect of these results is the deceleration of domestic demand, which has been offset by the evolution of the external sector.

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