13 December 2018
Bilbao Campus
The new Situation Report of Bizkaia bbk behatokia+, performed by Deusto Business School, shows that 2019 will be a year in which the economy will suffer a slowdown, without falling into recession.
In contrast to those financial experts who recommend prudence, others recommend adopting greater precautions, remembering that the cyclical behavior of the economy tends to fall frequently and that there are several risk factors that could precipitate a sharper fall in 2019. At the moment, the data of the last 2018 quarter Report (available at bbk-behatokia.com ) show a good performance of Bizkaia economy, although the symptoms of the announced slowdown are beginning to be felt.
The economic activity indicators (GDP, employment, industrial production) of the third quarter of 2018 confirm that a deceleration process had begun. The ones of the fourth quarter show the continuation of the lower growth trend. However, the good performance of the first months of the year means that some indicators, such as collection, have reached maximum levels in 2018.
In addition, domestic demand (investment both in machinery and equipment and residential construction) and private and public consumption are contributing to avoid a further deterioration in growth. This is a typical characteristic of the end of an economic cycle, especially if it relies on consumer credit.
The report, together with the new updated weekly data, is available at the BBK Behatokia + website.
