New Market Study Published: Spain Food & Drink Report Q1 2014
Recently released data from Eurostat showed that Spain's economy exited recession in Q313, supporting our long-held view that the economic recovery would begin picking-up in the second half of 2013. We have revised our forecast for the economy to grow by 0.7% in 2014, from 0.2% previously, against the backdrop of a steadily improving export outlook. Nevertheless, we caution that the recovery will be sluggish and undermined by fiscal austerity, weak fixed investment, and dire labour market conditions. This means...
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