SPANISH AND INTERNATIONALECONOMIC & FINANCIAL OUTLOOK
VOLUME 8 | number 3, May 2019
Spain’s economic prospects under the new administration
Economic outlook
Economic forecasts for Spain: 2019-2021
Net borrowing
Deconstructing Spain’s net borrowing/lending position by institutional sectors
Fiscal consolidation
Spain’s fiscal consolidation: Situation and outlook
Debt holdings
Spanish public debt holdings at the end of the ECB’s purchase programme
Bank profitability
Interest rates and bank margins under protracted, exceptional monetary policy
Capacity adjustment
Downsizing, productivity and efficiency in the Spanish banking system
SEFO
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