The centre-right Popular Party (PP) has an absolute majority and will serve a full term to 2015. Amid unprecedented party-political fragmentation, surging voter discontent will be a key factor in the formation of the next government.
Spain moved into a robust recovery during the first half of 2014, with export growth feeding through to rising domestic demand. However, mounting problems in the euro zone-Spain's key market-will be a drag on growth.
Consumer prices will fall by an estimated 0.1% this year. The annual inflation rate will then pick up to 0.5% in 2015 and an annual average of 1.3% in 2016-19.

Highlights 7

Political outlook 8

Economic policy outlook 9

Economic forecast 11

Annual data and forecast 16

Quarterly data 17

Monthly data 18

Annual trends charts 19

Quarterly trends charts 20

Monthly trends charts 21

Comparative economic indicators 22

Basic data 23

Political structure 24

Politics 25

Economy 49

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