Posts Tagged ‘labour market’

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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65% of firms in Spain set to hire this year

65% of firms in Spain set to hire this year

As Spain’s economy continues to recover and the labour market shows signs of improvement, local firms are set to increase their workforce in 2015, according to Adecco. The consultancy firm interviewed over 300 companies and human resources’ professionals last month, discovering that 65 percent of businesses plan to hire more staff. So good news for the country’s just over 4 million unemployed!

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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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Ford to Boost Capacity at Valencia Plant

Ford to Boost Capacity at Valencia Plant

Ford Motor Company plans to boost output at its Valencia plant by 40 percent in 2015, thanks to the final part of a 2.3 billion euros expansion of its operations in Spain. The US car manufacturer is aiming to churn out about 400,000 vehicles at its Almusaffes plant this year, in what has been touted as the biggest ever investment in the Spanish automobile industry.

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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 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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Rajoy hails Spain’s economic revival at G-20

Rajoy hails Spain’s economic revival at G-20

The Spanish economy is back on the path to growth thanks to a slew of government reforms to pull the country out of a deep downturn which lasted for the best part of five years. Some critics would argue that Spain could have implemented austerity measures much earlier than it did when its property sector bubble burst in mid-2007, sending many companies to the wall and the jobless rate skyhigh

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Foreign Investment in Spain Quadruples in June

Foreign Investment in Spain Quadruples in June

Spain’s economic recovery continues to gather steam and recent data shows international investors are confident the turnaround is sustainable!
Foreign capital inflows more than quadrupled to 6.7 billion euros in June from the previous month, according to the Bank of Spain’s Balance of Payments report published in August.

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