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Spain is back

Economic Research Note. JPMorgan Chase Bank N.A, London Branch Marco Protopapa (44-20) 7742 -7644 marco.protopapa@jpmorgan.com

Tuesday 15 March 2016, by Carlos San Juan

Strong PMI and economic sentiment surveys point to a robust buildup of momentum

 We raise our GDP forecast for 2014 to 1%oya, even in the presence of tight financing conditions

 Export performance, substantial cost adjustment, and a lower fiscal drag to support the recovery in 2014

 Progress in private deleveraging bodes well for a stabilization of domestic demand

Attached documents

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