Spain: Uncertain outlook - Rabobank
|The analysis team at Rabobank points out that since the outbreak of the crisis, the Spanish government has implemented many reforms, but outlook for further reforms is questionable.
Key Quotes
“Despite the strong and ongoing recovery still fewer people are at work today then prior to the crisis and the unemployment rate is set to remain high in international perspective.”
“To preserve healthy economic growth rates in the medium term, the government should speed up the labour market recovery and deal with remaining challenges.”
“Active labour market policies should be strengthened, wage bargaining decentralised and labour market dualities reduced. Yet the outlook for further reforms is questionable.”
“Elections in 2019 could break the reform deadlock, but not necessarily in a positive way.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.