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dc.contributor.authorFernández-Cerezo, Alejandro
dc.contributor.authorKataryniuk, Iván
dc.contributor.authorRodríguez, Francisco José
dc.coverage.spatialEspaña
dc.coverage.spatialZona euro
dc.date.accessioned2023-10-04T11:58:19Z
dc.date.available2023-10-04T11:58:19Z
dc.date.issued2023-10-23
dc.identifier.issn1695-9086 (en línea)
dc.identifier.issn1130-4987 (en papel)
dc.identifier.urihttps://repositorio.bde.es/handle/123456789/34552
dc.description.abstractRationale Against a backdrop of weaker global and euro area activity, in 2023 to date the Spanish economy has shown notable resilience compared with other European economies. This article aims to illustrate some of the factors explaining this greater strength. Takeaways •The differences between the sectoral composition of the Spanish economy and that of the euro area seem to explain in part the greater buoyancy of activity in Spain. •Spain has less trade exposure to China (whose recent slowdown is one of the main factors behind the global economic slowdown) than the other euro area economies. •The Spanish economy continuing to outperform the euro area over the coming quarters will depend, among other factors, on how lower expected growth in manufacturing is passed-through to services or whether tourism loses momentum.
dc.format.extent6 p.
dc.language.isoen
dc.publisherBanco de España
dc.relation.ispartofEconomic Bulletin / Banco de España, 2023/Q4, 03
dc.relation.hasversionVersión en español 123456789/33832
dc.rightsReconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
dc.rightsIn Copyright - Non Commercial Use Permitted
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES
dc.rights.urihttp://rightsstatements.org/vocab/InC-NC/1.0/
dc.subjectConfidence
dc.subjectEconomic outlook
dc.subjectProductive structure
dc.subjectEnergy crisis
dc.subjectInternational trade
dc.titleThe Spanish economy’s greater resilience vis-à-vis the euro area in 2023: the role of sectoral composition
dc.typeArtículo
dc.identifier.bdebib000474953
dc.identifier.bdepubECBU-2023-Q4-03
dc.subject.bdeFluctuaciones y ciclos económicos
dc.subject.bdeComercio internacional
dc.publisher.bdeMadrid : Banco de España, 2023
dc.subject.jelE32
dc.subject.jelE66
dc.subject.jelF10
dc.subject.jelF14
dc.identifier.doihttps://doi.org/10.53479/34552
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