Luis M Linde: Developments in the economic situation

Address by Mr Luis M Linde, Governor of the Bank of Spain, to the Asociación Española de Directivos, Santa Cruz de Tenerife, 1 March 2018.

Introduction

Let me begin by thanking the Tenerife Asociación Española de Directivos for their kind invitation to me to join you today.

The European environment

I shall devote my address to the current situation of the Spanish economy. I will begin by highlighting the favourable cyclical juncture at which the euro area - the economic environment closest to us - stands. The upturn in which the euro area economy is immersed may be classified as robust and dynamic, and extensive to all productive sectors and countries.