The Spanish economy grew at a rate of 3.2% in 2016, although signs of a slowdown are beginning to appear. Almost all the external factors which had boosted GDP growth latterly (the so-called tail winds) may disappear over this year.
Spain’s economic growth
Spain’s annual GDP growth accelerates to 3.1% thanks to consumption uptick.
MADRID | By Carlos Díaz Guell | The future of Spain’s economic growth is uncertain, especially since the crisis has proved that many industries only worked when fueled by subsidies. Exports seem to be the country’s only hope and politicians are too busy fighting to make productivity, R&D investment or education a priority.