In that sense, lower energy bills due to the fall has already had an impact on the Spanish current account: the surplus registered in September improved when compared to the same month of the previous year –something that hadn’t happened in all 2014.
The potential reasons are a strong increase in exports and less payments on imports, a trend which demonstrates the impact of the fall in oil prices.
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.
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