Posts Tagged ‘GDP’

More Experts Predict a Rise in Spain’s GDP

More Experts Predict a Rise in Spain’s GDP

Spain’s economy is finally on the road to recovery after almost five years of a deep downturn – and everyone is talking about it!
The economy has grown for three consecutive quarters, and at its fastest quarterly pace in six years, in the first quarter of this year.

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Growth in Spain’s Exports Boosts Economy

Growth in Spain’s Exports Boosts Economy

While Spain’s domestic demand has flagged over the last few years due to the economic downturn, its exports have become the new growth driver.
In 2013, exports accounted for a record 34.1 percent of gross domestic product (GDP), according to Eurostat data. Only Holland and Germany topped Spain in the rankings of exporting countries!

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Spanish Economy Will Rise 1.5% Between 2014 And 2015

Spanish Economy Will Rise 1.5% Between 2014 And 2015

The Spanish economy is on course to achieve a sustained recovery and clock up average growth rates of 1.5 percent in 2014 and 2015, Economy Minister Luis de Guindos said last month.
This is no mean feat considering the eurozone’s fourth-largest economy just recently exited a two-year recession which has destroyed millions of jobs and left it with one of the largest budget shortfalls in the region.
But the government’s upbeat outlook is backed by strong economic data which could prompt an upward revision to the official 2014 growth forecast of 1 percent. This is already higher than the initial estimate of 0.7 percent.

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Spain’s Tourism Industry is Back On its Feet

Spain’s Tourism Industry is Back On its Feet

Recent data shows the recovery in Spain’s tourism industry is sustainable, and it is on course to regain its position as a pillar of the economy.
In the first quarter of 2014, 10.1 million international visitors came to Spain, up 7.2 percent from a year earlier, according to government tourism agency Frontur

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JPMorgan Chase Declares ‘Spain Is Back’

JPMorgan Chase Declares ‘Spain Is Back’

Spain’s economy is on the road to recovery, judging by recent positive data. And this news has gone down well with the world’s top investment banks like JPMorgan Chase, keen to highlight the reforms that have enabled Spain to exit a two-year recession.

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