Luis M Linde: Bank of Spain's 2016 Annual Report

Testimony by Mr Luis M Linde, Governor of the Bank of Spain, before the Parliamentary Committee on Economic Affairs and Competitiveness, Madrid, 20 June 2017.

Ladies and gentlemen, I appear before this Committee on the occasion of the presentation of the Banco de España Annual Report for 2016. 

I would like to begin by reviewing the most notable features of the current Spanish economic upswing, which began almost four years ago. I will then go on to describe the more immediate prospects for the Spanish economy, with reference to the Macroeconomic Projections Report published by the Bank on 13 June, and I will mention the main risks surrounding this outlook. Finally, I intend to address the main challenges for Spanish economic policy over a longer time horizon and to conclude with a brief reference to the challenges for the European project.