Spain Consumer & Retail Report Q2 2018
Our outlook for the Spanish consumer will follow the moderating trend of economic growth, heading lower in 2018 froma recent high in 2017. An uptick in inflation, combined with weak wage growth and still elevated unemployment will contribute tothis slowdown, which will be further at risk from political risk. This is starting to show in consumer confidence and retail sales data,which headed lower during the second half of 2017.
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