Posts Tagged ‘Bank of Spain’

Spain economists positive on GDP growth

Spain economists positive on GDP growth

Spain’s economy is seen rising 3.2 percent in 2015, fuelled largely by a recovery in domestic demand, according to a survey published last month by Fundacion de Cajas de Ahorro (Funcas). The think tank’s previous survey results predicted GDP growth of 3.1%. It also slightly increased its 2016 estimate to 2.8% from a previous 2.7%. The improved figures still lag behind the Spanish government’s 3.3% growth forecast for this year and 3.0% in 2016.

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Spanish Firms Eye Cuba’s Untapped Market

Spanish Firms Eye Cuba’s Untapped Market

The historic restoration of diplomatic relations between the United States and Cuba on July 20, 2015 since broken in 1961 is a symbolic and powerful development in the rapprochement between Cuba and the US.

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Spanish Property Prices Continue to Rise

Spanish Property Prices Continue to Rise

Spain’s property market is continuing the recovery started mid-2014, as the uptick in prices consolidates and foreign buyers return to the scene. Resales seem to be the flavour of the month, according to data from the Property Registrar’s Association for the first quarter of 2015. Prices rose 2.65 percent in January-March from a year earlier, with residential home sales increasing 9.05 percent to 90,534 transactions.

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S&P Upbeat on Spanish Banks

S&P Upbeat on Spanish Banks

Spanish banks are on course to consolidate in 2015 the improvement in earnings seen last year, according to Standard and Poor (S&P). As the country continues its economic recovery, lenders’ bad debts will decline and profitability will improve, the ratings agency said in a report published in February. S&P expects the banks to post recurrent prextax profit of about 14 billion euros in 2015, up 25-30 percent from a year earlier.

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Spanish Banks’ Bad Loans Fall as Credit Rises

Spanish Banks’ Bad Loans Fall as Credit Rises

Over the last few months, Spanish banks have been showing that the economic recovery is slowly but surely filtering through to their balance sheets.

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Spain Grows Faster Than European Rivals

Spain Grows Faster Than European Rivals

Spain is expected to be the highest growth market in the eurozone in 2015, according to the International Monetary Fund (IMF)’s World Economic Outlook report published last month. No mean feat for a country which was once a protagonist of the region’s sovereign debt crisis and exited a two-year recession just 18 months ago. Spanish GDP is forecast to expand 2.0 percent in 2015, according to the IMF. This compares with the estimate released by the organisation last October for 1.7 percent growth.

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Spain property market attracts top global investors

Spain property market attracts top global investors

Spain’s recovering economy is fuelling interest from international investors keen to take advantage of attractive prices across a range of assets from banking to telecommunications. But the real estate sector is currently the most popular amongst top global fund managers.

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Spain’s labour market continues to improve

Spain’s labour market continues to improve

The Spanish Labour Ministry has announced the much anticipated employment figures for the month of November and, as many had predicted, the release of the news shows a firm consolidation of the feeling that Spain is finally tackling its high unemployment.

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Factors to Growth Recovery in Spain

Factors to Growth Recovery in Spain

Spain’s economy is back on the road to recovery, driven mainly by an uptick in internal demand and a strong exports sector. Internal demand – mainly consumption and investment – contributed postively to Spain’s GDP in the first quarter of 2014 for the first time in four years.

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Strong Growth in Spain’s Service Sector

Strong Growth in Spain’s Service Sector

Spain’s service sector has regained momentum over this year, reflecting the recovery in key component businesses like tourism and exports.
The service sector recorded its fastest expansion since end-2006 in August, driven by a rise in new orders from companies for the thirteenth consecutive month.

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