Spain’s economy creeps back to health

“Spain is back,” says JPMorgan. In the final quarter of 2013, GDP grew by 0.3%, the fastest quarterly rate in six years. The number of unemployed has dropped for the first time in a decade.

“Growth in both the manufacturing and services sectors is creating new jobs, and consumer demand is creeping back,” says The Economist. However, “the brakes on growth and job creation remain many”.

The government is cutting back; public debt has jumped from 40% to 100% of GDP in the past six years, and last year’s budget deficit target of 6.5% of GDP [...]

MoneyWeek magazine

Latest issue:

Magazine cover
Walking out on the banks

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 3 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

More from MoneyWeek

The problem with the Bank of England

Fracking: Nine reasons not to get carried away

Five small-cap stocks worth a flutter

This Dutch company could help us tame floods

ScreenHunter_01 Mar. 25 09.51

The latest investment opportunities & how you can profit - sign up to our FREE daily email HERE