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The foreign sector plays a key role in the National Statistics Institute’s upward revision of GDP for Q1 2023.

We analyse what has happened in advanced economies in terms of inflation and interest rates in order to try and gauge the likely course the central banks will take over the coming months.

We review the recent dynamics in services inflation in Spain and their relationship with wages and energy, two key factors for understanding what pattern this component will follow in the coming months.

The wealth of Portuguese households has increased in recent years and the distribution by level of wealth or employment status shows little difference with respect to the euro area. However, the proportion of liabilities that are borne by the less wealthy half of the population is relatively higher.

On a positive note, the PMI for the services sector stood at 56.7 points in May, well above the level at which positive growth rates are usually observed (50 points), albeit below the level of the previous two months.

After a few months in which the winds have been less unfavourable than expected, the growth forecasts for this year are looking somewhat brighter

In this article we analyse what we can expect of European public accounts in the coming years, following the entry into force of the European Union’s new economic governance framework.