Articles tagged as: spanish economy

October 2nd, 2014

The Spanish Government has improved its macroeconomic forecast for Spain and now estimates that GDP will grow by 1.3% this year, instead of the 1.2% previously forecast, and that it will accelerate to 2% in 2015, compared with 1.8% estimated earlier, due to the improvement in both private consumption (+ ...

Continue reading Spanish Government Estimates 622,000 New Jobs by 2015

September 22nd, 2014

In a report released last week, the credit rating agency, Moody's, said that in their opinion, the recent signs of improvement being seen in the Spanish economy will not immediately translate into a sustainable increase in housing prices, but rather in a slowdown in their rapid decline. High unemployment, excess housing ...

Continue reading Improvement in the Economy Will Not Raise House Prices, Says Moody’s

September 15th, 2014

The Spanish economy has emerged from recession and returned to growth thanks to the far-reaching reforms implemented in the country, which have led to improvement in international competitiveness. This was the main conclusion of the 2014 Economic Survey of Spain, prepared by the OECD and presented in Madrid last week by ...

Continue reading Spain’s Economic Competitiveness Improves Thanks to Reforms

September 10th, 2014

In the first eight months of 2014, Madrid City Council granted a total of 2,741 licences for the construction of new housing, a figure which is 35% more than in the same period in 2013, announced the deputy mayor of the capital, Enrique Nuñez, at a press conference after the ...

Continue reading Madrid Issues 35% More Licences to Build Homes

September 3rd, 2014

Last week El Economista reported on the real estate industry in Spain, saying that, despite some recent encouraging data on mortgages and purchases, the crisis of the ‘brick’ seems to have become endless. The latest Spanish GDP data shows that the investment in housing contracted by 0.4%, accumulating 26 consecutive quarters ...

Continue reading Real Estate Sector: 26 Quarters of Decline

July 30th, 2014

The collapse in house prices recorded in Spain in recent years could come to an end next year, when the real estate sector will experience a moderate recovery as a result of improving economic conditions and the growing interest of foreign investors, says the ratings agency Standard & Poor's, which ...

Continue reading S & P Predicts End of Falling House Prices in Spain for 2015

July 22nd, 2014

Speaking at an event organised by the Chambers of Commerce of Andalusia, the President of the Spanish Government, Mariano Rajoy, maintained that the fiscal consolidation and structural reform policies implemented by the Government, together with the strengths of the Spanish economy, have enabled Spain to return to growth and job ...

Continue reading Rajoy Reiterates Success of Structural Reforms and Commitment to SMEs

July 21st, 2014

For the first time since the crisis erupted back in 2008, official statistics are beginning to show signs of improvement in the Spanish business sector. So far this year, the census of companies, which is controlled by the Social Security, has seen an increase of more than 45,000 companies, representing ...

Continue reading 25% of New Spanish Companies are in Real Estate or Construction

June 24th, 2014

According to surveys carried out by the Ministry of Industry and Tourism with hoteliers in Spain, the hotel occupancy rate in August is expected to rise to 78%, which is 6 percentage points higher than in the same month last year. For the month of July, the prospects are also ...

Continue reading Hotel Occupancy in Spain Expected to Near 80% in August

June 17th, 2014

The Foundation of Savings Banks (Funcas) have forecast that between 2014 and 2015, unemployment in Spain will drop by almost a million people, and they also predict economic growth of 1.4% for this year and 2.2% in 2015. According to the Funcas economic forecast published last week, the unemployment rate will ...

Continue reading Unemployment Predicted to Drop by a Million Between 2014 and 2015

June 13th, 2014

Spain's largest property portals have forecast that there will be further falls in house prices in Spain in the coming months, but have estimated that they will be more moderate, and that some areas of the country will even register price increases. In various statements, analysts have responded to the fall in ...

Continue reading Property Portals Predict Moderate Drops in House Prices

June 10th, 2014

The global credit rating agency, Fitch Ratings, has predicted that the price of housing in Spain will finally bottom out at the beginning of 2015, in a real estate market marked by high rates of unemployment and difficulties in obtaining financing. The agency highlighted the fact that the Spanish economy is ...

Continue reading Fitch Forecasts House Prices Will Bottom Out Early Next Year

June 6th, 2014

At the 30th Meeting of the Círculo de Economía held in Sitges (Barcelona) last weekend, the President of the Spanish Government, Mariano Rajoy, announced that the Government of Spain is finalising a raft of new measures to boost employment, that 6.3 billion euros will be invested in improving competitiveness, and ...

Continue reading Rajoy Announces Employment Plan and Corporate Income Tax Cut

June 4th, 2014

The Consumer Price Index (CPI) decreased two-tenths year-on-year in May, to 0.2%, due to lower prices on food and non-alcoholic beverages. Inflation thus accumulates two positive months following the negative rate of 0.1% recorded in March, according to the flash estimates on the evolution of prices published on Friday by ...

Continue reading Annual Inflation at 0.2% in May

May 26th, 2014

During a conference in the Canary Islands last week, Spain’s Minister of Economy and Competitiveness, Luis de Guindos, said that the recovery of the Spanish economy will strengthen in the coming quarters, and that 2014 will be the first year of job creation in Spain. "The first year of recovery ...

Continue reading 2014 Will See Job Creation in Spain, Says Economy Minister