Articles tagged as: recession

March 12th, 2015

The growth of the gross domestic product (GDP) in the eurozone accelerated in the last quarter of 2014 to 0.3%, compared with the previous three months, when it had grown by 0.2%, according to a second estimate published by the European Union statistical office, Eurostat, which places Estonia, Spain and ...

Continue reading Eurozone GDP Grew by 0.3% in Fourth Quarter of 2014

February 18th, 2015

The eurozone gross domestic product (GDP) growth accelerated in the last quarter of 2014 to 0.3%, compared with the previous three months, when it grew by 0.2%, according to the preliminary data published by Eurostat on Friday, which puts Latvia, Spain and Germany in the lead of the growth in ...

Continue reading Eurozone GDP Growth Driven by Spain and Germany in Fourth Quarter of 2014

January 13th, 2015

The economic confidence of Spain in December stood at its highest rate since June 2007, before the outbreak of the financial crisis that led to the great economic recession, reaching 105.6 points, compared with 104.2 the previous month, thanks to improvements experienced among consumers, services and the retail trade, according ...

Continue reading Spain’s Economic Confidence Highest Since June 2007

November 19th, 2014

According to Eurostat’s flash estimate for the third quarter of the year, the gross domestic product (GDP) of the eurozone grew by 0.2%, compared with the rise of 0.1% in the previous three months, and 0.3% in the first quarter, which places Greece, Slovakia and Spain as the economies with ...

Continue reading Eurozone GDP Grew by 0.2% in Q3

January 1st, 2014

Foreign investors injected 45,003.6 million euros into Spain in the first ten months of the year, according to the balance of payments data published on Friday by the Bank of Spain.The data once again shows that foreign investors remain confident in the Spanish economy, which left the recession during the ...

Continue reading Foreigners Invested Over 45 Billion Euros in Spanish Economy to October

December 17th, 2013

According to a survey on seasonal purchasing intentions, carried out by Opinea, 80% of the Spanish believe that this Christmas they will spend the same or even slightly less on gifts than last year. 43% plan to spend the same as last year, 27% of those surveyed indicated their intent ...

Continue reading 19% of Spanish Plan to Spend More this Christmas

December 13th, 2013

Despite the bursting of the housing bubble, with mortgage lending and property sales sitting at their lowest recorded levels, the Balearic Islands appear to have escaped the economic crisis, registering a marked increase in tourism and housing purchases in these recent years of recession.Data from the General Council of Notaries ...

Continue reading Balearic Islands Record Surge in Foreign Home Buyers

November 14th, 2013

Despite the lengthy recession Spain has lived through in recent years, the number of multimillionaires - those who have at their disposal at least 25 million euros in cash - grew by 7% last year, reaching a total of 1,625. According to the World Ultra Wealth Report 2013 prepared in ...

Continue reading Number of Multimillionaires in Spain has Grown by 7%

November 11th, 2013

The credit rating agency, Standard & Poor's, believes that house prices in Spain will continue to fall until at least 2015, as they believe that the excess of unsold homes in the country will keep the property market "in the doldrums". "The fall in house prices in Spain will continue ...

Continue reading House Prices Will Fall Until 2015, Says S & P

November 4th, 2013

Officially, the Spanish economy is not in recession. On Wednesday the National Statistics Institute published the flash estimate of gross domestic product (GDP) figures for the third quarter of 2013, and confirmed what the Bank of Spain had already announced: that the GDP increased by 0.1% between June and September, ...

Continue reading Spain Out of Recession as GDP Grows by 0.1%

September 25th, 2013

According to their quarterly report on the economy of the eurozone, the credit rating agency, Standard & Poor's (S & P), predicts that the Spanish economy will grow by 0.5% in 2014, one tenth less than their July estimate, and that unemployment will continue to increase up to a maximum ...

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September 19th, 2013

According to the president of the European Central Bank (ECB), Mario Draghi, the fragility of the eurozone economy persists despite the signs of improvement experienced in various fields and the end of the recession in the second quarter.At a ceremony held in Berlin earlier this week Draghi said: "The recovery ...

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September 10th, 2013

Spain’s Minister of Economy and Competitiveness, Luis de Guindos, believes that the emerging economic improvement in Spain shows "the quality of the policies" of austerity applied in the eurozone.El Mundo reported that, in a recent interview with the Financial Times newspaper, De Guindos said: "We have a lot more confidence ...

Continue reading Spain Poised to Emerge from Recession, Says De Guindos

September 2nd, 2013

The Minister for Employment and Social Security, Fátima Báñez, announced on Thursday that the Government of Spain is working to radically simplify the various work contracts, reducing the 41 different employment contract models that currently exist in Spain to a total of 5, in order to facilitate and incentivise the ...

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August 9th, 2013

The number of companies going into receivership in Spain due to not being able to meet their payments and debts, amounted to 2,408 during the second quarter of the year, which represented an increase of 15.1% compared with the same period last year. And between January and June a total ...

Continue reading Company Bankruptcies Up 22.5% to June