Despite a period marked by uncertainty, the Spanish economy has remained resilient, outperforming analysts’ expectations. Export performance has been particularly strong; nonetheless, downside risks remain, particularly those related to a sharper than anticipated monetary policy tightening, vulnerabilities in the shadow banking system at the EU level, and the elevated stock of public debt.
Este artículo presenta las últimas previsiones de Funcas para
los años 2023 y 2024.
Today we discuss EU-China economic relations, a critical topic. China is the EU's second-largest trading partner, and the EU is China's largest trading partner, highlighting the high degree of economic interdependence. However, this relationship poses significant challenges such us trade imbalances (to the detriment of the EU), emerging technological gaps, state subsidies and claims of unfair competition.
Given the importance of the evolution of prices to the outlook for monetary policy and hence, the overall macro picture, in today's newsletter we focus on the recent performance of one of the EU countries where disinflation is most visible, namely Spain.