Macroeconomic projections for the Spanish economy (2019-2022) : the Banco de España’s contribution to the Eurosystem’s December 2019 joint forecasting exercise

Abstract

This note describes the macroeconomic projections for the Spanish economy for the period 2019-2022, which are part of the projections for the euro area as a whole published by the ECB on 12 December. These projections incorporate the new information that has come to light since the publication of the previous projections on 24 September in Economic Bulletin 3/2019, and on 27 November. They also include for the first time the year 2022 in the projection horizon.