New Report Available: Spain Business Forecast Report Q3 2013
We expect Spain's economic recovery to remain bleak over the next few quarters, and forecast below consensus growth of -1.7% in 2013, expecting weak private consumption and stretched government expenditures to weigh on headline growth figures. However, we believe Spain's economic contraction is now bottoming out, with the country's increasingly competitive labour market likely to moderately boost export growth and the outlook for investment spending over a medium-term time horizon.
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