Spain´s revised fiscal outlook and key challenges

Letter from the Editors

Fiscal consolidation

Spain’s budget debate and
fiscal outlook: Elements of uncertainty

As a result of the new Socialist party (PSOE) government passing an inherited 2018 budget this summer, the country has been forced to revise its 2018 deficit ...

Fiscal reform

European fiscal policy:
Situation and reform prospects

The creation of a single currency and subsequent loss of national monetary sovereignty means that eurozone countries must rely mainly on fiscal policy to fight ...

Bank-sovereign nexus

Spain’s bank-sovereign nexus (II):
Perspectives from the banking sector

Although an uptick in private sector lending and the flattening of the yield curve has led Spanish banks to reduce their holdings of government bonds, ...

Real estate

Europe’s housing market:
Historical trends and new challenges

Europe has experienced an uneven recovery in housing prices, with the emergence of real estate investment activity undermining the affordability of both rental ...

Consumer credit

Recent trends in Spanish consumer credit:
A comparison with the European experience

In recent years, Spain has experienced a sharp uptick in consumer credit thanks to both demand and supply side factors. However, close analysis reveals this ...

Insurance sector

The global insurance market:
State of play and growth dynamics

Over the past few years, the financial crisis and low interest rates have contributed to a downward trend in the insurance sector’s earned premiums in ...

Corporate competitiveness

Growth and competitiveness in Spain’s
corporate sector: Recent trends and outlook

An analysis of Spanish firms’ financial data reveals that growth prior to the recent recession was based on decreasing input costs, but was not ...

Regulation and Economic Outlook
Recent key developments in the area of Spanish financial regulation
Prepared by the Regulation and Research Department of the Spanish Confederation of Savings Banks (CECA)
Spanish economic forecasts panel: September 2018
Funcas Economic Trends and Statistics Department
Key Facts
Economic Indicators
Financial System Indicators
Social Indicators