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IMF: The Spanish GDP to Grow by 2.6% in 2017

IMF-The-Spanish-GDP-to-Grow-by-2,6- in-2017.pngThe International Monetary Fund (IMF) estimated that the Spanish economy is developing, as the economic growth for 2017 is evaluated at 2.6%. The economic growth of the GDP for 2018 is estimated at 2.1%, but there are very good news related to the employment level in this country. Investors who want to register a company in Spain and to hire employees from the local workforce may receive in-depth information on the requirements established in this sense from our team of Spanish lawyers
 

Economic outlook for Spain 

 
The economic increase registered in Spain was sustained by a set of relevant measures taken by the Spanish government. Foreign businessmen should also know that the unemployment level is gradually decreasing, which is an indicator of the economic growth registered in this country. 
 
It is important to know that the current unemployment rate is Spain - which is set at 18.6% - will decrease this year to 17.7%. 

 

Economic growth in the Q1 of 2017 

 
The estimates for the economic growth in Spain were sustained by the level of development registered in the first quarter (Q1) of 2017. The GDP in the Q1 increased by 0.8%, according to the data provided by the Central Bank of Spain
 
Investors who want to open a company in Spain should know that the country is in its third consecutive growth year and the Q1 of 2017 provided a better growth than the general estimation (of 0.7%). Our team of attorneys in Spain can offer more details. 
 
The estimation provided by the Central Bank shows a positive outlook for the period of 2017 - 2019. 
 
In this sense, we mention that the level of Spanish exports will be rising and that the local economy is estimated to grow in 2018 and 2019. 
 
In terms of exports, investors must know that Spain is known for the following types of goods: 
 
cars;
refined petroleum;
medicaments;
vehicle parts;
machinery;
fruits and nuts;
clothing and accessories;
iron and steel;
vegetables.
 
Businessmen interested in more details on this matter are invited to contact our law firm in Spain.  
 

Comments

  • Frederic 2017-05-01

    I think that Spain will soon provide better investment opportunities.

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