12 sep 2018
Economic Outlook

ECONOMIC OUTLOOK: THE SPANISH ECONOMY IS STARTING TO SHOW SIGNS OF SLOWDOWN

The Economic and European Affairs Department of CEOE analyzes the recent economic facts of the international and Spanish economies in this new report: "Economic outlook - September 2018".

Economic outlook
Economic outlook — ©Dreamstime

The global context continues to show a certain slowdown in some advanced economies, although the most significant change is found in emerging economies, some of which run a true risk of halting their recovery process.

Increased risks worldwide have increased the degree of uncertainty in financial markets, which have registered significant volatility in the summer months, with generalized drops in the main stock markets, including the Spanish one.

In Spain, the economy is starting to show signs of a slowdown in momentum in some of the elements that had supported the current growth stage, such as the low price of raw materials, especially oil, the decline in inflation, the strength of our main trading partners and the remarkable dynamism of the domestic tourism sector. Nonetheless, there are certain factors that continue to favour growth, such as the greater number of people employed, which encourages consumption and investment, as well as good financing conditions.

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