What are your views on the Spanish market, do you have any fears of another bubble looming?
Forecasts for GDP growth of the Spanish economy in 2019 continue to be above the eurozone average. Recently some indicators weakened, pointing at a break in private consumption, new employment registration and business confidence, after holding up well for several years. Nevertheless, the corporate sector is in good shape and continues to churn out steady earnings. The private sector has deleveraged and debt levels relative to GDP are below the average for the eurozone, which takes the edge off concerns on excessive complacency.
Name: Marta Pérez Cogollos
Title: Lead Research Analyst Equities
Company: Santander AM
Base: Madrid
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