How To Guides
- Childbirth & Education
- Legal Formalities
- Pensions & Benefits
- Property & Accommodation
Did you know...?
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Daily Brief - Tuesday 21 April 2015
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Wincham announce opening of Marbella office
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
Zapatero sees 2011-15 growth at 2.0-2.5%
The Spanish economy will grow by between 2.0 and 2.5 % between 2011 and 2015, Prime Minister Jose Luis Rodriguez Zapatero said Tuesday during a speech to business leaders.
"The government is convinced that the efforts resulting from the wide array of reforms we are putting in place will contribute to bring our country's growth to close to its potential average level of around 2.0 to 2.5 % between 2011 and 2015," he said.
The Spanish economy, the European Union's fifth largest, slumped into recession during the second half of 2008 due to the global financial crisis and the collapse of the once-booming property market.
It emerged with tepid growth of just 0.1 % in the first quarter and 0.2 % in the second, but then stalled with zero percent growth in the third.
Last month Zapatero said the economy had returned to positive growth in the fourth quarter, without giving figures.
Among the reforms it has passed this year are changes to the labour code which cut the cost of firing workers and gave companies more flexibility to reduce working hours and staff levels in economic downturns in an effort to boost employment.
It also intends to reform the pensions system by raising the retirement age from 65 to 67.
In May 2010 Finance Minister Elena Salgado cut the government's forecast for economic growth in 2012 to 2.5 % from 2.9 % and to 2.7 % in 2013 from the 3.1 % previously forecast.
Latest News & Stories
- Stag party causes chaos on Glasgow-Alicante flight
- Tax Agency uncovers €20 billion of Spanish capital in Switzerland
- Spanish GDP will not return to pre-crisis levels until 2017 : IMF
- Spain Not Doing Enough to Clean Sunken Trawler Fuel Leakage - Greenpeace
- Spain to publish list of tax-debtors
- Murcia's San Javier Aiport : Not the best of legacies for Corvera
- Orange Spain invests EUR 30 mln in Seville 4G rollout
- Spain inaugurates Galicia high-speed line
- Spain's PP seen losing Valencia seats in Elections
- Spanish Mortgage lending expected to boost house prices in 2015
- What is the Euribor ?
- Applying for a Business Loan
- When you can’t pay the Mortgage
- Opening a Bank Account in Spain