Spain: Better outlook after the polls - Rabobank

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.”