{"id":57783,"date":"2026-06-04T13:00:24","date_gmt":"2026-06-04T11:00:24","guid":{"rendered":"https:\/\/amec.es\/the-foreign-sector-at-the-crossroads-of-global-geopolitical-risk\/"},"modified":"2026-06-05T09:42:01","modified_gmt":"2026-06-05T07:42:01","slug":"the-foreign-sector-at-the-crossroads-of-global-geopolitical-risk","status":"publish","type":"page","link":"https:\/\/amec.es\/en\/the-foreign-sector-at-the-crossroads-of-global-geopolitical-risk\/","title":{"rendered":"The foreign sector at the crossroads of global geopolitical risk"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"57783\" class=\"elementor elementor-57783 elementor-57766\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f0bff9f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f0bff9f\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4e1e7bdf\" data-id=\"4e1e7bdf\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-767aab59 elementor-widget elementor-widget-heading\" data-id=\"767aab59\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/amec.es\/en\/category\/exclusive-alerts-and-trends\/\" rel=\"tag\">Exclusive alerts and trends<\/a><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-21318cc7 elementor-widget elementor-widget-spacer\" data-id=\"21318cc7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5179882e elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"5179882e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c3cf5eb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c3cf5eb\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4d7fd1ce\" data-id=\"4d7fd1ce\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6e27ce4b elementor-widget elementor-widget-heading\" data-id=\"6e27ce4b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The foreign sector at the crossroads of global geopolitical risk<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2b3b0b5b elementor-widget elementor-widget-spacer\" data-id=\"2b3b0b5b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3a43294b elementor-widget elementor-widget-text-editor\" data-id=\"3a43294b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t4 de June de 2026\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-60ce4e08 elementor-widget elementor-widget-text-editor\" data-id=\"60ce4e08\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>The latest OECD economic outlook paints a transitional picture for the Spanish economy, where the dynamism of domestic demand will sustain growth in the face of a foreign sector penalized by the sluggishness of the euro zone and the slowdown in exports.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3de4e4e elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"3de4e4e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a309ca2 elementor-widget elementor-widget-text-editor\" data-id=\"7a309ca2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The evolution of this macroeconomic scenario is closely linked to international geopolitics. In the face of escalating tensions in the Middle East, <strong>the OECD has abandoned linear projections in favor of a binary forecast model<\/strong> in which the future of industrial costs, energy supply and global growth will depend critically on whether we face a transitory trade disruption or a severe and prolonged shock. <\/p><h5><strong><br\/>Forecasts for Spain: The Weakness of Foreign Demand<\/strong><\/h5><p>The growth of the Spanish economy is undergoing a <strong>change of balance<\/strong> where all the weight falls on the internal engine, while the foreign sector goes from being a driving force to a brake on the advance of Real GDP (which falls from 2.8% in 2025 to 2.2% in 2026 and 1.7% in 2027).<\/p><ul><li><strong>Euro Zone Tune-Up:<\/strong> The main cause of the slowdown in exports is the economic weakness of Spain&#8217;s main trading partners in the euro region. The lack of dynamism in key markets reduces demand for Spanish industrial and manufactured goods. <\/li><li><strong>Slowdown in Exports:<\/strong> Growth in the volume of exports of goods and services suffers a sharp slowdown from a rate of 3.6% in 2025 to a meager <strong>0.6% in 2026<\/strong>, before partially recovering to 2.0% in 2027.<\/li><li><strong>Pressure from Imports:<\/strong> Unlike exports, imports maintain a higher growth rate due to firm domestic demand (consumption and investment). Although they fall from 6.2% in 2025, they will stand at 1.7% in 2026 and rebound to 2.2% in 2027. <\/li><\/ul><p><br\/>As imports grow faster than exports over the forecast horizon, the contribution of the foreign sector to GDP growth will be negative, detracting from the dynamism of overall activity.<\/p><h5><strong><span style=\"color: #ffffff;\">_<\/span><br\/>Global Risk Scenario Analysis<\/strong><\/h5><p>Due to heightened tensions in the Middle East and the risk to energy supply chains, the OECD has replaced its traditional projections with a binary model of alternative trajectories for the next 18 months.<\/p><p><strong>Scenario A: Time Limited Disruption (Centerline)<\/strong><\/p><p>This is the base scenario underpinning Spain&#8217;s growth forecasts (2.2% in 2026).<\/p><ul><li><strong>Premise:<\/strong> Assumes that the disruptions in energy supply and the blockage of Persian Gulf trade routes begin to resolve gradually from the <strong>third quarter of 2026<\/strong>.<\/li><li><strong>Energy prices:<\/strong> International quotations are moderating in line with futures markets. The price of a barrel of Brent crude oil will average <strong>USD 92 in 2026<\/strong> and fall to <strong>USD 80 in 2027<\/strong>. Natural gas prices will follow a similar normalization path.  <\/li><\/ul><p><strong><span style=\"color: #ffffff;\">_<\/span><br\/>Scenario B: Prolonged Disruption<\/strong><\/p><p>This scenario would be triggered if the conflict in the Middle East and the total or partial blockade of the Strait of Hormuz were to continue uninterrupted throughout the year 2027. The consequences for the global and European economy would be critical: <\/p><ul><li><strong>Commodity Shock:<\/strong> International oil, natural gas and fertilizer prices would soar, averaging <strong>50%<\/strong> above the levels projected in the central scenario.<\/li><li><strong>Supply and Efficiency Crisis:<\/strong> The increase in prices would force the application of <strong>forced energy rationing<\/strong> measures in the business fabric, causing bottlenecks and drastic drops in the technical efficiency of industrial processes at a global level.<\/li><li><strong>Financial Tightening and Confidence:<\/strong> Financial markets would react with extreme volatility, triggering a <strong>15% global drop<\/strong> in equity markets. Tighter credit conditions, coupled with plummeting consumer confidence, would freeze investment and spending decisions. <\/li><li><strong>Impact on Growth:<\/strong> This energy and financial crisis scenario would subtract 0.7 percentage points from global GDP in 2026 and a massive 1.3 points in 2027. The report warns that this trajectory would push several advanced economies straight into <strong>recession<\/strong> and cause a sharp spike in global inflation. <\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2e88b74 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2e88b74\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f7ddcc6\" data-id=\"f7ddcc6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-57ff014c elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"57ff014c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7bb4dee8 elementor-widget elementor-widget-heading\" data-id=\"7bb4dee8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Resources<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3a59c60b elementor-widget elementor-widget-text-editor\" data-id=\"3a59c60b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>OECD (2026). <i data-path-to-node=\"1\" data-index-in-node=\"13\"><a href=\"https:\/\/www.oecd.org\/en\/publications\/oecd-economic-outlook-volume-2026-issue-1_2d1956f0-en.html#country-snapshots\" target=\"_blank\" rel=\"noopener\">OECD Economic Outlook<\/a>, <\/i>Volume 2026 Number 1: June 2026 Report.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c166bc9 elementor-widget elementor-widget-spacer\" data-id=\"3c166bc9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1ad04729 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1ad04729\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-287c131f\" data-id=\"287c131f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-31cf00fa elementor-widget elementor-widget-heading\" data-id=\"31cf00fa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Go deeper with CoLAB's amec data resources<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b714d02 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"3b714d02\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-27ad4df e-grid e-con-boxed e-con e-parent\" data-id=\"27ad4df\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-75e408c6 elementor-widget elementor-widget-image\" data-id=\"75e408c6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/amec.es\/comunidad\/colab\/\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"295\" src=\"https:\/\/amec.es\/wp-content\/uploads\/2026\/01\/Banner-Indicadores-adelantados-amec-1024x377.png\" class=\"attachment-large size-large wp-image-45857\" alt=\"\" srcset=\"https:\/\/amec.es\/wp-content\/uploads\/2026\/01\/Banner-Indicadores-adelantados-amec-1024x377.png 1024w, https:\/\/amec.es\/wp-content\/uploads\/2026\/01\/Banner-Indicadores-adelantados-amec-300x110.png 300w, https:\/\/amec.es\/wp-content\/uploads\/2026\/01\/Banner-Indicadores-adelantados-amec-768x283.png 768w, https:\/\/amec.es\/wp-content\/uploads\/2026\/01\/Banner-Indicadores-adelantados-amec.png 1280w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-14420251 elementor-widget elementor-widget-image\" data-id=\"14420251\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/amec.es\/comunidad\/colab\/\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"295\" src=\"https:\/\/amec.es\/wp-content\/uploads\/2026\/01\/Banner-Panel-exportaciones-amec-1024x377.png\" class=\"attachment-large size-large wp-image-46160\" alt=\"\" srcset=\"https:\/\/amec.es\/wp-content\/uploads\/2026\/01\/Banner-Panel-exportaciones-amec-1024x377.png 1024w, https:\/\/amec.es\/wp-content\/uploads\/2026\/01\/Banner-Panel-exportaciones-amec-300x110.png 300w, https:\/\/amec.es\/wp-content\/uploads\/2026\/01\/Banner-Panel-exportaciones-amec-768x283.png 768w, https:\/\/amec.es\/wp-content\/uploads\/2026\/01\/Banner-Panel-exportaciones-amec.png 1280w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-66817ebf e-flex e-con-boxed e-con e-parent\" data-id=\"66817ebf\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-189c7367 elementor-widget elementor-widget-spacer\" data-id=\"189c7367\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7610399c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7610399c\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-75c5190f\" data-id=\"75c5190f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-250b1a17 elementor-widget elementor-widget-heading\" data-id=\"250b1a17\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Contact us for more information! <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6e238762 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"6e238762\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-74535c25 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"74535c25\" data-element_type=\"section\" 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The evolution of this macroeconomic scenario is closely linked to international geopolitics. In [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_canvas","meta":{"inline_featured_image":false,"footnotes":""},"categories":[355],"tags":[],"class_list":["post-57783","page","type-page","status-publish","hentry","category-exclusive-alerts-and-trends"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The foreign sector at the crossroads of global geopolitical risk | amec Positive Industry<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/amec.es\/en\/the-foreign-sector-at-the-crossroads-of-global-geopolitical-risk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The foreign sector at the crossroads of global geopolitical risk | amec Positive Industry\" \/>\n<meta property=\"og:description\" content=\"The latest OECD economic outlook paints a transitional picture for the Spanish economy, where the dynamism of domestic demand will sustain growth in the face of a foreign sector penalized by the sluggishness of the euro zone and the slowdown in exports. The evolution of this macroeconomic scenario is closely linked to international geopolitics. 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