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Significance
Sanchez will now have to do something which he desperately sought to avoid: rely on Catalan support to survive in government.
Impacts
A PSOE-ERC deal which is more favourable to Catalonia will fuel support for Spain’s People’s Party (PP) and Vox.
Uncertainty in Catalonia will continue to delay investment decisions while more social unrest will damage tourism and the property market.
Spain’s economic outlook will mostly hinge on what happens with global trade.
Keywords:
Spain,
EUR,
EU,
economy,
international relations,
politics,
social,
election,
fiscal,
government,
judicial,
opposition,
party,
policy,
regional,
constitution,
education,
employment,
foreign investment,
foreign policy,
foreign trade,
pensions,
reform,
wages
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2020
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