Spain's economy is set to grow by the end of next year, according to financial analysts
It’s been a long time coming, with more false dawns than a French and Saunders tribute act, but there are strong and encouraging signs that Spain will be able to shake off the recession that has gripped hold of the country for the past five years.
Analysts at media giants Bloomberg have forecast that the Spanish economy will stabilise in 2014, before returning to accelerated growth in 2015. The findings are a result of the 32 median forecasts conducted every month by Bloomberg.
It is expected that Spain will experience economic growth in the first quarter of 2014 for the first time since a mini fillip of improved ecomonic activity in 2011 saw a brief period of unexpected growth. In total, the first few months of next year are expected to see the country’s economy grow by 0.5 per cent. By 2015, that growth could top one per cent, said the survey…