The Outlook for the Global Economy and for Spain (powerpoint presentation)
Autor: Rafael Doménech, BBVA Research Atlanta, April 8, 2013
Martes 9 de abril de 2013, por Carlos San Juan
The perception regarding the prospects of the global economic scenario has
improved as a result of a relaxation of financial tensions, particularly in Europe,
and the agreements to avoid a disorderly fiscal contraction in the US
However, to sustain the recovery, appropriate policies must be adopted in both
the US and, particularly, in the euro area, where risks are more significant
Without ruling out upside surprises, the risks remain tilted to the downside,
although they appear less likely now than until summer 2012.
Spain: caution due to existing risks. In 2013, conditioned to lower financial
tensions, the economy should bottom out. Growth expected in 2014.
It is crucial to take advantage of the window of opportunity that has opened up
in Europe and Spain to push through reforms that shore up the improvement in
Outloock of the global economy and Spain_Domenech_BBVA-2013
Contents: Global and Spanish Economic Outlook 2013
Global economy: economic outlook improves
Spain: will recovery start in 2013?