Spain’s near and medium-term economic outlook: Progress and challenges

Letter from the Editors

Spanish economy

The Spanish economy in
2018 and forecasts for 2019–2021 

After three years of strong economic growth, Spain’s economy is starting to lose steam. Regaining speed will, in part, depend on external factors related ...


The future of blockchain in
the European banking system

For European banks, the potential benefits of using blockchain technology do not diminish the controversy surrounding it. From scalability challenges to the ...

European NPLs

Accelerating the pace of
non-performing loan reduction in Europe

Despite notable progress, European banks remain under pressure from legislative, regulatory and supervisory authorities to further reduce their non-performing ...

Mortgage market

A snapshot of
Spain’s mortgage market

The notable recovery in Spain’s housing market is bringing some relief to both banks and households. While the pick-up in the sector has raised concern ...

Accounting standards

The impact of
IFRS 16 on lease accounting

The entry into force of IFRS 16 –leases– on January 1st, 2019, changed the accounting standards on operating leases. Aiming for less ...

Minimum wage

The need for caution on
Spain’s recent minimum wage hike

The Spanish government has recently approved an increase in the minimum wage to 900 euros in 2019, the biggest increase in 40 years. While empirical evidence ...

Fiscal consolidation

Deficit reduction
in Spain: Uncertainty persists

Charged with bringing down a high structural deficit, Spain’s new government has proposed a revised roadmap for fiscal consolidation. However, given the ...

Monetary policy

Forward guidance and price stability: The
European Central Bank seeks to chart a clearer path

The European Central Bank’s unconventional monetary policy stance has bred some confusion among euro area member states, especially over its definition ...

Regulation and Economic Outlook
Recent key developments in the area of Spanish financial regulation
Prepared by the Regulation and Research Department of the Spanish Confederation of Savings Banks (CECA)
Spanish economic forecasts panel: January 2019
Funcas Economic Trends and Statistics Department
Key Facts
Economic Indicators
50 Financial System Indicators
Social Indicators