Analysts at Rabobank point out that Spain’s PM Pedro Sanchez announced that early elections will be held on 28 April last week and the Spanish parliament will be dissolved on 5 March, implying the legislative process will be dead for the largest part of 2019H1.
Key Quotes
“The turn of events will have a limited impact on the economy this year, but a negative impact on government finances.”
“The longer-term economic and fiscal impact are difficult to assess based on current polls. But the outlook is likely to be better than it was under the current government.”
Share
