According to Steven Trypsteen, Economist at ING, the Spanish figures are good, with the economy growing at 0.6% QoQ (2.5% YoY) in the third quarter, the same pace as in the second. Key Quotes “Given Tuesday’s figures from the Eurozone as a whole, things didn’t seem to be boding well for Spain. The Eurozone economy slowed to a growth rate of 0.2% QoQ in the third quarter from 0.4% in the previous one, and with Spain being the fourth largest economy in the Eurozone, this could have implied much slower growth in Spain given a weaker external environment, as the Eurozone is the largest export destination for the country.” “On top of that, survey indicators in the third quarter continued their downward trend; the Purchasing Managers’ Index (PMI) has notably dropped quite sharply in recent months.” “We forecast an annual growth rate of 2.6% in 2018 and 2.0% in 2019, a clear deceleration of economic activity given the more than 3% growth since 2015.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Eurozone: Lukewarm inflation numbers – Nordea Markets FX Street 4 years According to Steven Trypsteen, Economist at ING, the Spanish figures are good, with the economy growing at 0.6% QoQ (2.5% YoY) in the third quarter, the same pace as in the second. Key Quotes "Given Tuesday's figures from the Eurozone as a whole, things didn't seem to be boding well for Spain. The Eurozone economy slowed to a growth rate of 0.2% QoQ in the third quarter from 0.4% in the previous one, and with Spain being the fourth largest economy in the Eurozone, this could have implied much slower growth in Spain given a weaker external environment, as the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
