Romero, María

CARGA_FINAL_ARTICULOS_CUADERNOS_20200729

The recovery of the eurozone periphery: Structural growth or cyclical momentum?

Growth rates across the countries of southern Europe, once considered the weakest link in the eurozone, have outpaced the bloc’s core economies in recent years. While structural reforms have played a part, continued economic convergence within the eurozone will depend on consolidation of structural improvements, boosting productivity and resilience to global uncertainty.

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Spain: Reduced vulnerability to gas rationing relative to other European countries

Spain´s lower expected reduction in demand under the pan European plan, together with a generally lower consumption of Russian gas by the country´s industry, translates into less sensitivity to current geopolitical tensions. Nonetheless, Spain will still be exposed to the risks generated by the adverse geopolitical environment heading into the autumn-winter.

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