Retailing in Spain - New Market Study Published
Spain's economy slumped again during 2012, sliding back into severe recession as GDP declined by over 1%. In addition, the Spanish economy suffered as the Spanish financial system needed to be rescued following the collapse of the fourth most important bank in Spain, Bankia, early in the year. This rescue and the high public deficit in the country resulted in higher taxes, with both income tax and VAT rising. Disposable income levels declined once again during 2012 and, as a...
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