Market Report, "Spain Freight Transport Report 2014", Published
We believe that the Spanish economy will return to growth in 2014, although its medium and long-term outlooks remain bleak. We estimate real GDP to have contracted by 1.7% in 2013, and to grow by 0.3% in 2014, stressing that a faster economic recovery will be prevented by weak private consumption, ongoing fiscal consolidation and falling fixed capital formation over the next few quarters. As a result, the freight sector will continue to be weighed down by the macroeconomic picture;...
View full press release