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9 Apr 2015
Spain's economy on the mend? - BBH
FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained that Spain's economic growth is expected to be among the strongest in the euro area.
Key Quotes:
"The Bank of Spain expects GDP to expand by 2.85 this year after 1.4% last year."
"Spain has tried to copy the German model. Last year it exported a third of its GDP. Unions have become somewhat more flexible and this has helped facilitated a new division of labor with a growing auto sector moving to Spain."
"The car industry reportedly added 25k jobs last year. In Europe, only Germany produces more cars that Spain."
Key Quotes:
"The Bank of Spain expects GDP to expand by 2.85 this year after 1.4% last year."
"Spain has tried to copy the German model. Last year it exported a third of its GDP. Unions have become somewhat more flexible and this has helped facilitated a new division of labor with a growing auto sector moving to Spain."
"The car industry reportedly added 25k jobs last year. In Europe, only Germany produces more cars that Spain."