Spain's economic recovery may flag, but it is going in the right direction, say economists
Despite Spain’s impressive economic recovery in the latter part of 2013 swelling consumer, banker and investor confidence to levels not seen since pre-2007, economic experts in the country have urged caution for the months that lay ahead.
With Spain’s jobless figures falling by 108,000 in December – one of the steepest falls in Spanish unemployment on record and marking a third monthly decline in a row – there is growing belief that Spain has turned a corner. The government’s stringent labour market reforms, introduced in 2012, have helped reshape the country’s employment outlook. Firms are more confident in hiring, wages are lower, contracts are more flexible and exports are strong… Continue Reading