OECD spain


In The OECD, Only Iceland And Mexico Will Take Longer Than Spain (Three And A Half Years) To Recover From The Crisis

According to the Organisation for Economic Co-operation and Development (OECD), Spain’s Gross Domestic Product (GDP) will grow by 5.9% in 2021 (5.7%; previous estimate), and by 6.3% in 2022 (4.8%; previous estimate). Thus, it will take three and a half years for Spain to recover its pre-crisis level of GDP per capita. Only Iceland and Mexico, of the 38 OECD member states, will take longer to recover it.

employment office

OECD Predicts Spain Will Generate Jobs At A Rate Of 2.1% In 2017

According to forecasts from The Organisation for Economic Co-operation and Development (OECD), Spain’s labour market will be amongst the top performers in the “Club of the rich countries,” registering the biggest advance in terms of employment in 2016 and overcoming the negative trend seen during the crisis. The international institution warns that a new recession could take Spain by surprise without having recovered all the jobs lost in the crisis.