• Eurozone GDP Increased by 0.4% in Q1

    The gross domestic product (GDP) of the eurozone grew by 0.4% in the first quarter of the year, which is one-tenth more than in the last quarter of 2014, according to the second estimate for the first quarter of 2015 …

    Read more
  • Eurozone GDP Grew by 0.3% in Fourth Quarter of 2014

    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 …

    Read more
  • Eurozone GDP Growth Driven by Spain and Germany in Fourth Quarter of 2014

    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, …

    Read more
  • Eurozone Growth Stagnates in Second Quarter

    The European Commission statistics office, Eurostat, confirmed on Friday the stagnation of the gross domestic product (GDP) in the eurozone and the moderate growth of the economy of the European Union (EU) in the second quarter of the year. Eurostat’s …

    Read more
  • GDP up 0.2% in the Eurozone and 0.3% in the EU

    The eurozone economy grew by 0.2% in the first quarter of the year compared with the previous quarter, while in the European Union (EU) it increased by 0.3%, according to the first estimates published on Thursday by the European Commissions’s …

    Read more
  • Spain Out of Recession as GDP Grows by 0.1%

    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: …

    Read more
  • IMF Revises 2014 Forecasts for Spain

    The Spanish Government stated in the 2014 Budget that Spain’s Gross Domestic Product (GDP) will grow by 0.7% – a figure that has been described as “prudent” by the Prime Minister, Mariano Rajoy. The International Monetary Fund (IMF), however, believes …

    Read more
  • Morgan Stanley Predicts 0.8% Growth for Spain in 2014

    American multinational financial services corporation, Morgan Stanley, said they believe that the Spanish economy is at a turning point and could return to the path of positive growth in the third quarter of this year, allowing it to beat growth …

    Read more
  • Funcas Improves Forecasts for Economic Recovery

    In a recent announcement, reported in El Mundo, the Foundation of Savings Banks (Funcas) predicted that the Spanish economy will contract by 1.5% this year and grow by 0.7% in 2014, which is one- and two-tenths percentage points more, respectively, …

    Read more
  • Eurozone Recession Slows After GDP Falls by 0.2%

    The recession in the eurozone has eased off as, between January and March of this year, the gross domestic product fell by 0.2% compared to the 0.6% decline recorded between October and December 2012. This latest figure marks an accumulation …

    Read more
  • Spanish Government Debt Hit a Record 84.1% of GDP in 2012

    The Spanish Government’s entire public administration debt increased by 20.1% in 2012 compared to the previous year, and amounted to 884,416 million euros, which is equivalent to 84.1% of the gross domestic product (GDP), and the highest level of the …

    Read more
  • Eurozone GDP Fell 0.6% in Fourth Quarter of 2012

    The statistical office of the European Union (Eurostat) confirmed this week that the eurozone economy contracted by 0.6% in the fourth quarter of 2012, compared with the previous three months. Year-on-year, the gross domestic product (GDP) fell by 0.9%, which …

    Read more
  • De Guindos Optimistic Over Growth of Spanish Economy

    The Spanish Minister of Economy and Competitiveness, Luis De Guindos, has expressed his view that the Spanish economy will stabilise in the third quarter of 2013 after a “very long” crisis and that the Gross Domestic Product will start to …

    Read more
  • Houses Worth 66% More Than in 2001

    The sharp decline experienced in housing prices since early 2008, estimated by experts to be more than 30% on average, has not prevented the value of homes being much higher today than in 2001. According to an analysis by the …

    Read more
  • Spanish Tourism Sector Continues to Grow

    Even in the midst of the current crisis, Spanish tourism has continued to exercise its role as a reliable economic engine. The weight of the sector’s activity in Spain, measured by means of final tourist demand, stood at 10.8% of …

    Read more