The International Monetary Fund (IMF) released a new and improved forecast for the Spanish economy at the beginning of the year. The provisions were based on the economic results which were better than expected at the end of 2015. The estimations cover 2016 and 2017 and also take into account actualization in the context of the global economy.
The latest report of the National Institute of Statistics in Spain shows a recovery of the real estate market that started in 2015 and continues in the first months of 2016 as well. Other surveys show that the increase is mainly due to foreign citizens seeking to acquire new properties. Our lawyers in Spain can provide you with information about the trends in the real estate industry.
The confidence among retail companies in Spain is at its highest, as numbers show an increase in sales. The economic growth registered at the end of last year has also helped both retailers and residents who have started to spend more. Our lawyers in Spain can provide you with more information about the country’s current economic status.
Spain’s economy has started to recover towards the end of 2015 and the best proof is the rise in employment numbers, according to one of the reports released by a governmental agency. The unemployment rate at the end of last year was 3% lower than it was at the end of 2014 and the most prosperous region at the moment is Andalusia.