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The outlook of the Spanish economy in the first quarter of 1993

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  • Espasa, Antoni

Abstract

This article gives forecasts for the main macroeconomic aggregates of the Spanish economy for 1993, based on the quarterly national accounts published by the INE corresponding to the fourth quarter of 1992 and the economic indicators corresponding to the first quarter of 1993. According to these forecasts the domestic demand will fall 2.7% in 1993, the foreign sector will have a positive contribution of around two percentage points in the rate of growth of GDP and as a result the GDP will decrease 0.8 %. The article also analyses the possibilities of a recovery for the Spanish economy that are evaluated as firm and probably stronger than in previous crises, but with fewer degrees of flexibility in the design of the economic policy that could give rise to it.

Suggested Citation

  • Espasa, Antoni, 1993. "The outlook of the Spanish economy in the first quarter of 1993," DES - Working Papers. Statistics and Econometrics. WS 11020, Universidad Carlos III de Madrid. Departamento de Estadística.
    • Handle: RePEc:cte:wsrepe:11020
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