Spain: Solid Q3 growth numbers - ING

Steven Trypsteen, economist at ING, notes that the Spanish economy grew by 0.6% quarter on quarter as confirmed by the final release of 3Q GDP.

Key Quotes

“The annual figure was revised down from 2.5% to 2.4%, but these figures are in stark contrast to the growth performance of other Eurozone countries, such as Italy and Germany, where the economy slowed quite significantly in the third quarter.”

“We forecast annual growth of 2.6% in 2018 and 2% in 2019 - a clear slowdown of economic activity.”

“We forecast annual growth of 2.6% in 2018 and 2% in 2019 - a clear deceleration of economic activity given the 3% growth since 2015.”