After five years of double-dip recession and rampant job destruction, Spain’s downward lurch has stopped and executive search in Spain is building again. Growth has returned: the Madrid stockmarket is euphoric, government-bond yields have tumbled below pre-crisis levels and foreign investors are bargain-hunting. “Spain is back,” trumpeted JPMorgan Chase, a bank, in a recent report.
Yet GDP growth, estimated at 0.3% in the fourth quarter, is neither as vigorous nor as ironclad as it was claimed.
Read more in our report today on the market outlook for Spain in 2015