Idealista recently printed this interesting chart. Note that Citi Bank are substantially more pessimistic in their outlook for 2013 than Deutsche Bank.
I’m inclined to think Deutsche’s prediction (and a 1% decline is still bad news) will be the most realistic as they are a European based institution. However SocGen really should have good insights into the economy too (they have a major presence in Madrid’s financial sector) so it’ll be interesting to see which of those two banks have the better prediction.
No opinion from me on this – I’ll let the “experts” here fight about it.
From the New York Times:
A Mending Spain Finds Willing Bond Buyers
MADRID — January is turning out to be a bumper month for Spain and some of the euro zone economies most in need of debt financing, with governments and companies flooding the market with bonds that have sold at significantly lower interest rates than just a few months ago.