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BBVA Warns of Economic Uncertainty in Spain
BBVA Research warned Monday about the economic uncertainty which would continue in the second half of this year, despite slight increases in GDP during the first two quarters. The warning comes as a result of the negative effects that the VAT increase...
Spanish economy heading right back to recession
The Spanish economy will contract 0.7 per cent this year according to the Foundation of Savings Banks (FUNCAS) returning to negative growth in the third and fourth trimester, which will suppose the return of the technical recession (two consecutive...
Crisis created 16,000 new millionaires in Spain
The number of newly rich continues to grow despite the crisis. The number of individuals with what is considered high net worth (assets minimum investment of one million dollars, excluding primary residence and consumables) in Spain rose by 16,000 during...
Spanish economy still in recession after 7 quarters
Spain has still not been able to emerge from the clutches of the global meltdown, a Share
Spain’s GDP may contract by 0.6 percent next year
According to a statement by a senior official from the Economy Ministry on Monday Share
2010 to bring better GDP figures for Spain
Spain’s Economy Minister Elena Salgado has said that the Spanish economy Share
Spain’s debt mushrooms
Spain has suffered a massive increase in its national debt; according Share
Tax increases on the way in Spain
The Socialist Government of Spain intends to raise €11bn more a year Share
Spanish save Spain’s hotels in August
August saw a smaller reduction in the amount of people who stayed in hotels Share
