Articles tagged as: spanish economy

April 11th, 2014

The International Monetary Fund (IMF) has improved its growth forecast for the Spanish economy in 2014 by three tenths more than their previous forecast, and by two tenths more in 2015, to 0.9% and 1% respectively, as published in their 'World Economic Outlook' report, which also notes a more positive ...

Continue reading IMF Improves Forecast for Growth and Unemployment in Spain

March 27th, 2014

The rating agency Standard & Poor's (S & P) stated on Monday that the eurozone will grow by 1% in 2014 and by 1.4% in 2015, and predicted that the Spanish economy would grow by 0.8% this year, to match the average pace of growth in the eurozone next year. This ...

Continue reading S & P Predict 1% Growth in 2014 for the Eurozone and 0.8% for Spain

February 25th, 2014

According to a recent study by BNP Paribas Real Estate, all of the real estate investment market segments in Spain saw recovery last year, with the annual volume in 2013 reaching 3,800 million euros, more than double the figure recorded in 2012 (112% annual growth), and represented the greatest level ...

Continue reading Real Estate Investment in Spain increased by 112% in 2013

January 30th, 2014

The Spanish Government’s Council of Ministers have approved the fifth round of the Incentive Program for Efficient Vehicles (PIVE-5 Plan), worth some 175 million euros. The aim is to encourage the replacement of old vehicles by purchasing new, more efficient and safer cars in exchange for scrapping a car of ...

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January 28th, 2014

Spanish unemployment fell by 69,000 people in 2013 compared to 2012, a decrease of 1.1%, and posted its first annual decline since the second quarter of 2007, bringing the total number of people unemployed in Spain to 5,896,300, its lowest level since the third quarter of 2012. Despite the decline in ...

Continue reading Unemployment Records First Annual Drop Since Onset of Crisis

January 27th, 2014

According to the latest quarterly forecast published by ratings agency, Standard and Poor's (S & P), housing prices in Spain are still overvalued and the price adjustment will continue this year, with a further drop of 2%, before stabilising in 2015. In a report on the European property market, the ratings ...

Continue reading S & P Predict House Prices Will Fall Further 2% in 2014

January 22nd, 2014

The tourism industry closed 2013 with a growth of 0.6%, making it the main engine of the Spanish economy, thanks exclusively to the growing international demand, which generated almost 45,000 million euros, offsetting the further decline in domestic demand, according to the tourist business valuation report for 2013 and outlook ...

Continue reading Spain’s Tourism Sector Grew by 0.6% in 2013

January 9th, 2014

The average number of contributors to the Spanish Social Security System in December 2013 stood at 16,357,640. This figure represents an increase in contributors of 64,097 more than in the previous month (+0.39%). This is the largest month-on-month increase in any month of December since the comparable records began. Furthermore, ...

Continue reading Social Security Contributors Up 64,097 in December

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 4th, 2013

According to the results contained in the Quarterly National Accounts published by the National Statistics Institute, Spain’s GDP in volume - adjusted for seasonal and calendar effects - posted quarter-on-quarter growth in the third quarter of 0.1% - the first positive result following a downturn of nine consecutive quarters. In ...

Continue reading Spain Leaves Recession as GDP Grows by 0.1%

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 8th, 2013

For the first time since 2008, the PwC Economic Consensus has forecast an improvement in the Spanish economy over the next twelve months, with advances in productive investment, household consumption and even employment. PwC have prepared this consensus since 1999, employing a panel of over 380 experts, entrepreneurs and executives. ...

Continue reading Experts Predict Improvements in the Spanish Economy in 2014

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%

October 30th, 2013

According to the Labour Force Survey published on Thursday by the Spanish National Statistics Institute, unemployment fell by 72,800, and 39,500 new jobs were created in Spain during the third quarter of the year, when compared with the second quarter. These figures stand in sharp contrast to those recorded twelve months ...

Continue reading Unemployment Fell by 72,800 People in Q3

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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