MADRID | Spain has proven that it can make economic adjustments and it is competitive, laying the groundwork for foreign direct investment (FDI) confidence to remain upbeat on the country’s economic prospects.
During the rest of the year, the Ibex should improve its performance against the SMC, according to BNP Paribas broker.
MADRID | Two German economic heavyweights are stirring the debate about the Spanish recovery: IFO President Hans-Werner Sinn, who recently said that “Spain will suffer 10 more years of crisis and an internal devaluation of 30%”, and Bundesbank Chairman’s, who thinks the crisis will last five more years. Both of them were as clear and firm as Germans usually are when speaking about Southern Europe.
Spanish economy’s agents have prioritised the reduction of their debt burden, and businesses’ savings have increased by 6.1 percent.