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Spain
Featured Content
RGE Analysis
Spain Will Be Forced to Restructure Its Debt; New Government Is No Game Changer
Nov 23, 2011
RGE Analysis
Comparing Spain With Ireland and Other PIIGS: Better in Some Ways, More at Risk in Others
Nov 25, 2010
Macroeconomy
Spain: Economic Profile
Spain: April Services PMI at Its Lowest in Almost Three Years
S&P Downgrades Spain’s Sovereign Debt by Two Notches
Eurozone : Spain : Europe : Macroeconomy : Growth Outlook and Business Cycle :
Spain: Domestic Demand
Spanish Unemployment Reaches a New High in Q1 2012
Eurozone : Spain : Europe : Macroeconomy : Labor Markets and Productivity :
Markets
Geostrategy
Key Indicators
GDP Expenditure Approach
GDP Total, Real Previous Year Prices, Annual Change, Percent - Austria
GDP Total, Real Previous Year Prices, Annual Change, Percent - Austria
0, 2.4, 2.4, 2.4, 4.2
4.2
BOP
Current Account, Net, Thousand EUR - Spain
Current Account, Net, Thousand EUR - Spain
-5504435, -4493168, -3581719, -1896979, -2888626
-2,888,626
Housing
General Price Housing Index, 2005=100 - Spain
General Price Housing Index, 2005=100 - Spain
111.3, 110.3, 109.3, 108.9, 106.2
106.2
Unemployment rate
Total - Spain
Total - Spain
20.05, 20.09, 19.79, 20.33, 21.29
21.29
ESP Expected economic situation sa
Stock or Quantum, SA, % balance - Spain
Stock or Quantum, SA, % balance - Spain
-20, -23, -18, -15, -15
-15
Gross domestic product at market prices
Index, 2000=100, Real, SA, WDA - Spain
Index, 2000=100, Real, SA, WDA - Spain
-1.29, -0.08, 0.25, 0.65, 0.82
0.82
Growth rate of Harm CPI (year-over-year)
All-items HICP - Spain
All-items HICP - Spain
2.9, 3, 3.4, 3.3, 3.5
3.5
Spain Benchmark Bond
10 Year - Yield
10 Year - Yield
5.24, 5.29, 5.35, 5.4, 5.48
5.48
data by Factset
Spain Outlook: Sharp, Multiyear Recession Ahead
RGE expects the Spanish economy to experience a sharp recession in 2012 and 2013, given the ongoing deleveraging of the public and private sectors and weakening demand for Spanish exports. The outlook for private consumption remains strongly negative given the dire labor market prospects, painful fiscal austerity measures and tight credit conditions. The new center-right government has boosted market confidence by swiftly announcing an austerity package and structural reforms. Recent policy action, in particular the ECB’s liquidity measures, has bought Spain additional time to put its public finances back on a sustainable footing. However, without an adequate firewall, Spain will remain highly vulnerable to a reversal in market confidence.
Read the latest Spain Outlook
Market Strategy
Market Strategy
Finance and Banking Monthly: The Evolution of Financial Subordinated Debt
By Apr 12, 2012
Cross Asset Monthly
The Big Picture: Necessary but Insufficient Policies for Interesting Times
By Oct 29, 2010
Market Strategy
Q3 2010 Scenario Analysis: Macroeconomic Factors & Asset Class Investment Implications
By Aug 2, 2010
Market Strategy
Cross Asset Monthly: A Summer of Discontent: Navigating the Tug of War Between Greed and Fear
By Jul 27, 2010
Market Strategy
Fixed Income: Relief Rallies European Bond Markets, But Now for the Hard Part
By May 10, 2010
Economic Research
Economic Research
What’s on Nouriel’s Mind: 12 Drivers of the Eurozone’s Slow-Motion Train Wreck
By May 1, 2012
Economic Research
Conference Call Replay: The IMF and Spain—How to Keep the Elephant in the Room From Getting Shot?
By Apr 30, 2012
Economic Research
All Washed Up in Washington: Key Takeaways From an Unscripted IMF Spring Meeting
By Apr 24, 2012
Economic Research
What’s on Nouriel’s Mind: The Eurozone Needs More Than Austerity to Restore Growth
By Apr 12, 2012
Economic Research
What's on Nouriel's Mind: The Deteriorating Economic Outlook for the Eurozone
By Jan 17, 2012
Europe Weekly
ECB Meeting Preview; Spain’s Crucial Fiscal Consolidation; Hungary Risks; Turkish Monetary Policy; EZ Calendar
By Jan 6, 2012
Europe Weekly
EZ Pitfalls in 2012; Italian GDP; New Spanish Government; Swedish Monetary Policy; Hungarian, Polish Banks; EZ Calendar
By Dec 23, 2011
Economic Research
Spain Will Be Forced to Restructure Its Debt; New Government Is No Game Changer
By Nov 23, 2011
Europe Weekly
EZ GDP; Spanish Politics; Eastern Europe Growth Fears; Russian Slowdown; EZ Calendar
By Nov 18, 2011
Conference Call
Conference Call Highlights: Can the EZ Be Brought Back From the Brink?
By Nov 17, 2011
Economic Research
Four Options to Address the Eurozone's Stock and Flow Imbalances: The Rising Risk of a Disorderly Break-Up
By Nov 1, 2011
Economic Research
Waiting for the Wednesday Summit: Progress Report on EFSF Leverage Options, Bank Recaps and Greece
By Oct 24, 2011
Economic Research
Low Inflation in EZ Core Threatens Periphery’s Efforts to Regain Competitiveness
By Oct 21, 2011
Conference Call
Conference Call Replay: Eurozone in Crisis—More Than a Plan to Plan Needed
By Oct 21, 2011
Economic Research
Last Shot on Goal: Will Eurozone Leaders Succeed in Ending the Crisis?
By Oct 21, 2011
Economic Research
The Age of Crisis: Down and Out Depression in D.C.—RGE on the IMF/WB Annual Meetings
By Sep 26, 2011
Europe Weekly
Inflation Concerns Easing in EZ, Switzerland, UK, Hungary and Czech Republic
By Aug 12, 2011
Europe Weekly
Spanish Politics; EFSF Ratification; German Soft Landing; Czech Monetary Policy; Turkish Depreciation
By Jul 29, 2011
Global Economic Outlook
Spain Outlook Update: Fiscal Housekeeping Shifts to Regional Governments
By Jun 23, 2011
Economic Research
EZ Policy Makers Will Avoid Tough Decisions and Continue to Muddle Through for Now
By Jun 3, 2011
Economic Research
Much Ado About Relatively Little: Contagion Risks From an Orderly Greek Debt Restructuring Are Modest, Contained and Manageable
By May 24, 2011
Economic Research
DSK's Arrest: Implications for the IMF Succession and PIIGS' Bailouts
By May 16, 2011
Europe Weekly
Eurozone Core Comes Up Trumps in Q1; UK, EZ Periphery Moving at Half Speed
By May 13, 2011
Economic Research
CDS and Debt Restructuring: Does the Existence of Credit Derivatives Make Restructuring Harder?
By Apr 21, 2011
Economic Research
Q2 2011 Geostrategy Note: The Scent of Jasmine, Japan's Mega-Crisis and Other Global Drama
By Mar 24, 2011
Economic Research
2011 Geostrategy Note: The Roiling Pacific, Quagmiristan and EZ Targets
By Dec 29, 2010
Economic Research
Comparing Spain With Ireland and Other PIIGS: Better in Some Ways, More at Risk in Others
By Nov 25, 2010
Economic Research
An Orderly Market-Based Approach to the Restructuring of Eurozone Sovereign Debts Obviates the Need for Statutory Approaches
By Nov 15, 2010
Economic Research
Q4 2010 Geostrategic Risk Note: Asia on the Boil, U.S.-Europe Reap Anti-Incumbent Backlash
By Oct 7, 2010
Economic Research
Q3 2010 Geostrategy Note: Nascent Nukes, Portly PIIGS and the Taliban
By Aug 4, 2010
Economic Research
Adjustment Dynamics in Spain: Will Belt-Tightening Cinch Off Growth?
By Jun 10, 2010
Economic Research
Global Recession Watch: A Dozen Significant Economies are at Risk of a Hard Landing
By Jun 25, 2008
EconoMonitors
Don't Shoot the Messenger
It's Time to Stop Using Chewing Gum and Chicken Wire in Spain
May 13, 2012
RGE Analysts
Bloomberg Video with RGE's Megan Greene: Spain is Insolvent, Bailout to Come
May 2, 2012
Europe Channel
Spain’s Investment-Grade Status, France’s AAA at Risk as Crisis Escalates
Apr 27, 2012
RGE Analysts
RGE's Christian Menegatti and Megan Greene Chat about the EZ - Fewer Headlines, Just as Many Problems
Mar 29, 2012
Peterson Institute for International Economics
Brinkmanship in Brussels, Sturm and Drachma for Greece and Europe
Feb 27, 2012
Dan Alpert's Two Cents
On Sticky Wages and What Happens when Inflation is No Longer an Alternative
Dec 13, 2011
Dan Alpert's Two Cents
On Printing Euros and the Real German Fear (hint, it's not 1923)
Nov 17, 2011
Europe Channel
Chart of the Day: Greatest Credit Deterioration Focus - Belgium, Spanish Banking
Oct 14, 2011
Don't Shoot the Messenger
Nine Reasons Why Spain's Economy Is More Different Than You Think!
Jun 25, 2011
Europe Channel
The Irish Stress Tests and Euro Zone Options: Monetization, Default, or Break-Up
Mar 31, 2011
The Wilder View
The ECB Would Quash a Discrete Shift in German Nominal GDP Rather Than Accommodate It
Feb 14, 2011
Geostrategy Channel
Cross-Border Deleveraging and the Shifts in Europe's Bargaining Game
Nov 29, 2010
Nouriel Roubini's Global EconoMonitor
An Orderly Market-Based Approach to the Restructuring of Eurozone Sovereign Debts Obviates the Need for Statutory Approaches
Nov 28, 2010
Nouriel Roubini's Global EconoMonitor
Roubini Hosts CNBC Squawk Box - Europe: Contagion 2.0
Nov 19, 2010
Don't Shoot the Messenger
On the Shoulders of Giants - How Spain Is Destined to Follow in Germany's Footsteps
Aug 31, 2010
Don't Shoot the Messenger
How Many Times Can One Driver Fall Asleep at the Same Wheel (And Live)?
Aug 23, 2010
Don't Shoot the Messenger
Controlling the Uncontrollable: Spain's National Addiction to the Use of "Dinero B"
Aug 19, 2010
Geostrategy Channel
Spain Is the Perfect Example of a Country that Never Should Have Joined the Eurozone
May 17, 2010
Geostrategy Channel
Making Fiscal Consolidation Work In Greece, Portugal, and Spain: Some Lessons from Argentina
May 11, 2010
Geostrategy Channel
The Escalating Greek Debt Crisis: What Has Been Happening and Where Is It Going?
May 6, 2010
Nouriel Roubini's Global EconoMonitor
Roubini Concerns About the Future of the EMU - World Economic Forum, Davos, 2006
May 5, 2010
Nouriel Roubini's Global EconoMonitor
Roubini CNBC and Bloomberg Reports on Greece Crisis, European Union
Apr 29, 2010
Don't Shoot the Messenger
Waiting for Something to Turn up: Europe's Looming Pensions-based Sovereign Debt Crisis
Mar 18, 2010
Nouriel Roubini's Global EconoMonitor
Roubini Bloomberg Interview on Sovereign Debt and U.S. Outlook
Feb 6, 2010
Europe Channel
Quantifying Eurozone Imbalances and the Internal Devaluation of Greece and Spain
Dec 28, 2009
Don't Shoot the Messenger
Why Standard and Poor's are Right to Worry about Spanish Finances
Dec 22, 2009
Don't Shoot the Messenger
That Which the ECB Hath Separated, Let No Man Join Together Again!
Dec 11, 2009
Don't Shoot the Messenger
The French Rebound Continues In October While Germany Moves Sideways
Oct 28, 2009
Global Macro Channel
Output, Productivity, Employment, Household Debt, Consumption, and Wealth
Sep 23, 2009
Don't Shoot the Messenger
How Will The ECB Ever Manage To Stop Funding Spanish Government Debt?
Sep 16, 2009
Don't Shoot the Messenger
Twenty Percent of Spanish Mortgages Now Considered to be High Risk
Aug 18, 2009
Daily Digest
News
Remarks of European Commission Vice-President Rehn at the Eurogroup press conference of 14 May 2012
European Commission May 14, 2012
Analysis
Report on the public consultation on the European Commission Green Paper on the feasibility of introducing Stability Bonds
EU Commission May 15, 2012
Analysis
Spanish Services PMI and Unemployment claims: Another round of bad news
BNP Paribas May 04, 2012
News
Spain: Advance Estimate of the Quarterly National Accounts -First quarter of 2012
INE Apr 30, 2012
Analysis
Research Update: Ratings On Spain Lowered To 'BBB+/A-2' On Debt Concerns; Outlook Negative
Standard & Poor's Ratings Services Apr 26, 2012
Analysis
Spain recovers competitiveness and productivity faster than any other eurozone economy
BBVA Research Apr 10, 2012
Analysis
Spain: Financial Sector Assessment, Preliminary Conclusions by the Staff of the International Monetary Fund
International Monetary Fund (IMF) Apr 25, 2012
Analysis
Fund for Orderly Bank Restructuring (FROB)-April 2012
Banco de España (Bank of Spain) Apr 12, 2012
News
EC: Recapitalisation measures in favour of the banking sector in Spain
European Commission Jan 28, 2010
Analysis
Finance and Banking Monthly: The Evolution of Financial Subordinated Debt
Roubini Global Economics Apr 12, 2012
Analysis
Quarterly Report on the Spanish Economy (April 2012)
Banco de España (Bank of Spain) Apr 23, 2012
Analysis
The Banco de España approves credit institutions’ plans to comply with Royal Decree-Law 2/2012 on the balance-sheet clean-up of the financial sector
Banco de España (Bank of Spain) Apr 17, 2012
Analysis
Spain: Testimony by the Governor before the Parliamentary Committee on Budget Affairs
Banco de España (Bank of Spain) Apr 17, 2012
Analysis
World Economic Outlook: Growth Resuming, Dangers Remain (April 2012)
International Monetary Fund (IMF) Apr 17, 2012
Opinions
Return of the euro crisis: Spanish bond yields have risen as the effect of cheap ECB cash wears off
The Economist Apr 14, 2012
News
The combined public administrations' deficit was 8.51% of GDP in 2011
Ministry of Finance and Public Administration Feb 27, 2012
Opinions
The Proust index- Advanced economies have gone backwards by a decade as a result of the crisis
The Economist Feb 25, 2012
News
Quarterly Spanish National Accounts. Base 2008 Fourth quarter of 2011
National Statistics Institute (INE) Feb 16, 2012
Analysis
Commission's first Alert Mechanism Report: tackling macroeconomic imbalances in the EU
European Commission Feb 14, 2012
Analysis
Spain: 2011 ends with GDP contraction in the fourth quarter and average annual growth of 0.7%
BBVA Research Jan 04, 2012
News
Moody's adjusts ratings of 9 European sovereigns to capture downside risks
Moody's Investors Service Feb 13, 2012
RESEARCH AND STRATEGY FIXTURES
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