The number of unemployed people registered with Spain’s Employment Office fell by 124,349 in June from May to 3.767.054. The decline in relative terms was 3.2% and is the second largest in historical series, only beaten by the fall recorded in June 2013.
Spain still has not a one 1 billion dollars tech company but the financing of high-growth, high-potential and mostly early stage firms shows a persistent positive evolution in Spain as shown by the report Startup Financing in Spain in 2015 published by Webcapitalriesgo.com.
Today, the economic situation in Venezuela has greatly changed for the worse, but those who had money have held on to it and now Spain has become the destination for this private capital. The investments are usually focused on buying top quality housing, mainly in Madrid, or on acquiring stakes in a select group of businesses with reasonable returns.
Eight years after the real estate bubble officially burst, all the existing indicators point to the sector’s crisis being over, although there are still some loose ends and some kind of legacy, such as the banking sector’s non-performing loans. But the data shows we can definitively put behind us an enormous problem which was a threat for the economic system for too long.
It’s embarrassing that the PSOE is saying the labour reform has been negative and that the PP is promising to lower taxes when Spain has to negotiate new spending cuts with Brussels.
If we accept that the evolution of debt is a relevant factor in the explanation of the economic cycle, with the usual affirmation that the increase in debt explains the evolution in GDP, with a certain lag, then the credit cycle in Spain has been particularly intense.
UBS | In this report, we focus on three pivotal questions that we consider crucial for investing in any security in Spain: First, what is the economic outlook for 2016/17, and what are the biggest economic policy challenges that the next government will face? Second, what are the likely scenarios for the outcome of the elections on 26 June? And third, what is the valuation and relative attractiveness of Spanish assets, how will asset markets react to different election outcomes, and what is or is not priced in?
F. Barciela / F. Gil Ljubetic | For a long time, and particularly since the crisis, it has been clear that the excessive level of payment default in our country is one of the reasons, if not the main one, behind the demise of our companies, above all SMEs.
Ten million Spaniards watched the most important debate between candidates from the four parties which could form a Government in Spain on Monday night. And yet the participants did not clarify the most important point: Will there be a Government after the elections on June 26?
Economic forerunners from the four Spanish leading parties engaged themselves in a confusing TV debate on Sunday night. The moderator was much to blame as she hardly clarified the key policy issues, although the participants also proved unable to put forward a coherent analysis of what is at stake in these elections.