MADRID | April 28, 2015 | By Carlos Díaz Güell | The Spanish economy is certainly turning the corner as evidenced by its growth rate, possibly exceeding 3% this year, and employment data, although both indicators are cooled down by analysts who believe growth in the medium and long term may be hampered by too many mortgages.
The Corner | April 18, 2015 | The IMF raised growth expectations for all the major economies in the Eurozone – especially Spain to 2.5% in 2015 and 2% in 2016- and for Japan. The new figures, the sixth improved forecast in a row– are more aligned with Madrid expectations (2%, although the Minister of Economy even forecasts a 3% growth). Low oil prices, the euro depreciation and the ECB’s monthly liquidity shots are the three aces of the Spanish government, who is hoping to retain the power in the next general election despite the popularity of new parties.
The Corner | April 2, 2015 | La Caixa Research | Competitiveness gains in the Spanish economy are set to persist as wage increases continue to lag behind other euro zone countries.
MADRID | March 27, 2015 | By Francisco López | The Spanish economy is currently growing at cruising speed and looks set to remain at its current altitude in the medium term, with the possibility that growth could exceed 3% this year.
MADRID | March 3, 2015 | By Fernando G. Urbaneja | The creation of 13,500 new jobs in January is in line with encouraging figures elsewhere in the Spanish economy. While there will rightly be optimism in the wake of the latest data, the worrying plight of the youth and long-term unemployed continue to cause concern.
MADRID | March 1, 2015 | By Sean Duffy | With positive figures being returned on a weekly basis from the Spanish Finance Ministry, Spain appears to have turned a corner in its quest for financial recovery. Yet while the figures are good news for policy makers, the lingering pall of high unemployment continues to cast a shadow over growth prospects.
The Corner | February 27, 2015 | Inflation edged up in January, but the figures are unlikely to stop increasingly confident Spanish consumers from spending.
MADRID| The Corner | Yields on ten-year government bonds remain close to historically low levels.
MADRID | The Corner | Spanish Industrial Production figures proved disappointing on Friday, with results revealing that the sector had fallen 0.3% month-on- month and 0.9% year-on- year. The figures will be of some concern to the Finance Ministry given that the economy has recorded seven consecutive months of negative inflation.
MADRID | By Sean Duffy | Thursday brought some positive predictions on the Spanish economy from the European Commission, but buoyancy on European markets may be negated by data due from the US later today.