Future is Blue
Spain's economic outlook: Navigating through uncertainty
Mar 6, 2024
Alice Faibishenko, a Senior Advisor at Funcas with a wealth of knowledge on the Spanish economy, delves into Spain's prospects for 2024. She discusses the impressive GDP growth compared to the eurozone, despite challenges like declining investment. Household finances are explored, revealing a shift in demographics and the impact on younger generations. Additionally, the resilient housing market is analyzed, highlighting rising prices and the need for policy changes to improve affordable housing options in urban areas.
12:50
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Spain's projected GDP growth of 1.5% in 2024, while slowing, still outpaces the eurozone average due to resilience against inflation.
- The Spanish housing market faces increasing inequality and affordability challenges as house prices rise faster than wage growth, impacting younger buyers.
Deep dives
Macroeconomic Outlook for Spain
The macroeconomic outlook for Spain in 2024 presents a cautiously optimistic scenario. GDP growth is projected at 1.5%, which, while slower compared to the previous year's 2.5%, is still above the eurozone average of approximately 0.7%. Spain has demonstrated resilience against inflation and geopolitical tensions, buoyed by a strong competitive position and an all-time high current account surplus. However, concerns linger regarding a contraction in capital goods investment, which is 8.8% below pre-pandemic levels, posing challenges for future productivity and economic health.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
