Spanish Economy forecast to grow

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Spain’s economic growth is set to pick up as domestic demand benefits from an improving labour market, easier financing conditions, greater confidence and lower oil prices. Net exports, by contrast, are expected to dampen growth, although this effect will gradually diminish this year and next, as Spain’s competitiveness improves. At the same time, the government deficit should continue to narrow. More..

Interanual drop in property prices for January

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The average price of a built property (whether new or used) fell 2.7% in January compared with the same month of 2014, according to the latest report by Spanish appraisal company TINSA More..

Spain is recovering according to IMF

Spain has turned the corner. The recovery started in the second half of 2013 and gained strength in the first quarter of this year, with the economy growing at the fastest pace since 2008. Led by robust exports and a sharp improvement in financial market conditions, confidence has recovered and is feeding into rising private consumption and business investment. Critically, labor market trends are improving. We expect the recovery to continue over the medium term. More..

Costa del Sol economy

According to the economic analysts of Andalucía the current economic recession will continue to affect Andalucía until the 4th quarter of this year with the GDP of Andalucía shrinking by 1.3% in 2009. This is in contrast to 2008 when GDP increase by 1.1% in Andalucía.

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The real outlook for Spain

I’ve just been reviewing the BBC website and I found a great article. It starts with the statement “The unemployment rate in Spain hit a 12-year high in 2008 of 3 million, figures show, a further sign of the economic slowdown.”
So unemployment figures show that there are the same amount of unemployed now in Spain as there was in 1996. But what does this mean?

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Spain spends on subsidised housing

The Spanish government recently announced that is has set aside 2.8 billions euros to buy land in towns with a population over 20.000 in order to build VPO (subsidised) housing.

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Pain in Spain

According to the Central Bank of Spain, the Spanish economy has shrunk by 0.2% in the third quarter compared to the previous 3 months. This is the first such drop in economic output in 15 years when in 1993 the economy shrunk by 0.3% relative to the previous quarter.

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