Posts Tagged ‘GDP’

Spain’s Top Bosses See Three-Year Growth

Spain’s Top Bosses See Three-Year Growth

Spain’s top businessmen are upbeat about the country’s economic growth potential, particularly over the next three years, according to KPMG’s report “Global CEO Outlook”. In fact, the 50 Spanish CEOs interviewed by the consultancy firm were the most optimistic amongst their global peers, with 90 percent forecasting that the upcoming triennium will be more prosperous than the past few years. The lack of inflationary pressures, lower oil prices and the European Central Bank’s liquidity injections have all contributed to boosting the economic environment in Europe. As a result, top executives’ business ambitions have flourished.

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Basf to Expand Investment in Tarragona

Basf to Expand Investment in Tarragona

With the Spanish economy continuing to expand at a faster rate than its European neighbours, there was further good news on the foreign investment side for Spain. Basf, the largest chemical producer in the world, has announced that it is planning to invest 21 million euros with the opening of a new line at their agrochemical plant in Tarragona, in the country’s Cataluña region. Currently the plant is the largest…

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Spain Economy to Outperform Eurozone Peers

Spain Economy to Outperform Eurozone Peers

Spain’s economy is set to outpace that of its eurozone rivals in the next two years, according to the International Monetary Fund (IMF). As the country’s recovery continues and the outlook for the jobs market improves, albeit slowly, Spanish GDP will grow 2.5 percent this year, up from a January estimate of 2.0 percent, the IMF said in its April World Economic Outlook. For 2016, growth is forecast at 2.0 percent compared with a previous estimate for 1.8 percent.

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Spain M&A Sector Continues Growing

Spain M&A Sector Continues Growing

Companies across the globe are expected to show increased appetite for M&A in 2015, continuing the positive trend registered last year, consultancy firm KPMG said in its February M&A Predictor report. As the impact of the financial crisis has eased over the last two years or so, firms have been able to pay down debt and start building up cash to fund fresh acquisitions. Easier access to credit has also been a factor influencing the rise in deals in 2014.

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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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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 M&A Boosted by Growing Optimism

Spain M&A Boosted by Growing Optimism

Spain has been a hub of M&A activity over the last 12 months and the outlook for 2015 is rosy as the economy continues to improve. Renewed foreign investor interest in Spanish assets, combined with local companies’ expansion ambitions at home, have helped fuel an increase in acquisitions across a range of sectors.

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Spanish banks set to revive corporate lending in 2015

Spanish banks set to revive corporate lending in 2015

A revival is expected in Spanish banks’ corporate lending business as the economy emerges from a prolonged slump and returns to growth.
Households are also set to benefit from improved access to mortgage lending, a factor which will be key to ensuring that the fledgling recovery in the country’s property market is sustainable.

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Spain reforms make it top investor bet for 2015

Spain reforms make it top investor bet for 2015

After struggling to emerge from a deep economic downturn which lasted the best part of five years, Spain is firmly on investors 2015 buy list! Once a protagonist of the eurozone sovereign debt crisis, the country’s economy has now returned to growth and is outpacing former eurozone front-runners like France.

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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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