Spain’s Trade Balance Benefits From Export Drive
Spain’s exports continue to rise and over the last five months have produced a welcome shift in the country’s trade balance.
Spain’s exports continue to rise and over the last five months have produced a welcome shift in the country’s trade balance.
IMF praises Spanish strong recovery but recommends additional reforms to strengthen growth and accelerate the fiscal consolidation.
Spain’s economy has registered a gain in external competitiveness compared to the EU, the OECD and BRICS countries, based on the Consumer Prices Index (CPI).
Spain’s housing sales continue to recover in June, with 30,578 new transactions and 17.0% YoY growth.
La Caixa Research | Although the trend of permanent contracts over the last year makes Spain’s labour situation look more promising, it is vital to continue working to ensure new jobs are created on a solid basis.
Why can’t Spain’s current strong growth be sustainable?
MADRID | Global GDP showed a moderate growth recovery in the second quarter. In Spain, forecasts point to GDP growth accelerating again to 1% Q0Q, one of the highest rates in the eurozone.
Spain’s public deficit ranks as the highest one in the eurozone, with the exception of Cyprus. Up to now, a set of exceptional circumstances has allowed for a stance of benign neglect at visible cost. But dangers loom ahead if fiscal rectitude is not firmly enforced.
The Corner | July 23, 2015 | The Spanish economy grew by 0.9% q/q in Q1 15. Q2 data suggest that activity accelerated to 1.1% q/q, taking full-year 2015 growth to 3.3%, on Barclays estimates. “We think that the risks to the Spanish growth outlook are balanced, especially as the likelihood of Grexit has dropped,” the bank analysts commented on their July economic bulletin.
The Corner | July 10, 2015 | Spanish business confidence increased by 2.4% in the third quarter of 2015 compared to the second quarter, according to official data. Sentiment improved in all industries for ten months in a row, especially in restaurants and hotels, with an increase of 3.8%.