skip to main content
Economic Research

Spain: The Way Forward

By
9:05:00 AM | Last Updated

EXECUTIVE SUMMARY

RGE's Q1 2010 Outlook notes the following factors undermining Spain’s medium-term performance:

  • a lack of intra-EMU competitiveness, as measured by relative unit labor costs;
  • a dysfunctional labor market with distinct insider-outsider features;
  • low total-factor productivity growth, even during the boom years, which sets the stage for lower potential growth;
  • rigid product markets and wage indexation that resulted in persistent inflation differentials which translate into a pro-cyclical real interest rate channel;
  • high private-sector debt that translates into[...]

Access to this content is restricted to RGE clients.

If you have a client code, please enter it here to activate your client account.

Click here for a free trial.

Learn About Our Services:

RGE Research

Our dynamic and intuitive macroeconomic research platform keeps you on top of the extraordinary shifts that transform our global economy, allowing users to uncover unique connections and insights. Discover the resource central banks and that 70% of the world's leading hedge funds, asset managers, PE firms, banks and corporations around the world depend on.

Our market strategists build on the work of our macroeconomic research team, incorporating market dynamics to answer crucial questions and generate actionable investment recommendations. RGE's Market Research and Strategy team gives clients actionable insight across six key asset classes:

• Currencies • Commodities
• Credit • Equity • Gov’t Bonds / Rates
• Emerging Markets • Financials
• Cross Asset Model Portfolio

RGE Strategy

Sometimes, reading research is not enough. Many RGE clients participate at the Roubini Direct Access level to gain a deeper understanding of specific issues. Through interactive live sessions, we engage with world-class thinkers, encourage knowledge sharing, idea generation, risk identification and validation of client initiatives.

Learn More »

For information on becoming an RGE Client, please speak with an RGE Representative in New York at +1 212-645-0010, or in London at +44 (0) 207 092 8850, or email americas@roubini.com for the Americas, europe@roubini.com for Europe, the Midddle East and Africa, and asia@roubini.com for Asia/Pacific.

Publications

Our Research
?

Our Thoughts
?

Outlook Center
?

Central Bank Watch
?

Key Views
?

Scenario Analysis
?
RGE Clients can activate their account by updating Manage My Account

Top 10 Most Read

Our Thoughts
1. Why SOE reform is off the agenda in China
Our Research
2. Europe’s Playbook for Financial Crises
Our Thoughts
3. The fall in UK inflation and upcoming MPC minutes: More room for accommodation
Our Thoughts
4. Rating agencies and sovereign risk in India
Our Research
5. Debt and Deleveraging: Will China Turn Japanese?
Our Research
6. Recent U.S. Data Signals Suggest Slow and Steady Activity
Our Thoughts
7. Commodity price divergence
Our Thoughts
8. More thoughts and observations from Japan's Q1 GDP numbers last week
Our Research
9. The Other Fat Tail: Monetary Policy and Bubbles
Our Research
10. The European Central Bank of Japan? Disinflation Is Looming

ROUBINI FEEDBACK FORUM

What Do You Think?
Weigh in on Roubini.com's new look or report any problems you encounter.

Website Feedback Content Feedback