Eurozone absorbs 50% of the Spanish exports

Per destination, the Eurozone has absorbed on average around 50% of the Spanish exports, versus 49% from last year and far from 57% registered in 2007.

The other 50% has diversified between Asia, Africa and Latin America. According to market watchers at Cortal Consors, the medium growth scenario for the Eurozone is 1.1%, which would lead to a growth of 4.9% in the Spanish exports. They also say that, if there is a 0.2% growth rate, Spain’s exports will grow by 3.5%.

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