Spain Consumer & Retail Q1 2020

Key View:

We forecast muted growth for private consumption at 1.4% for 2020, slightly higher than the 1.2% growth in 2019.General elections, which took place in November 2019, failed to form a majority with leaves more political uncertainty and possibledelays in economic reforms. Key indicators such as the labour market show positive signs with a decreasing unemployment rate butnew policies introduced in 2020 could deter business investment as competitiveness declines. External factors surrounding tradeincluding Brexit and the US-EU disputes will weigh on Spain’s economic growth, forecast to modestly grow by 1.7% in 2020.

Key View
Consumer Outlook
Consumer & Retail SWOT
Industry Forecast
Consumer Spending
Household Characteristics
Consumer Demographics
Market Overview
Retail Trends
Consumer & Retail Glossary
Consumer & Retail Methodology

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