fxstreet.com 10 Feb, 2021 14:15 am

Long-term prospects for the economy are far from bright – CE

Long-term prospects for the economy are far from bright – CE
Spain has suffered more than any other euro-zone country from the pandemic, both in terms of the health impact and the toll that it has taken on the e

” “The difficulties experienced this year have highlighted three major underlying weaknesses that will hold back economic growth further ahead.” “Even if economic growth is fairly rapid in the near term, the level of GDP will still be lower than in other major euro-zone economies by the end of 2022.Key quotes “While 2020 was clearly disastrous for Spain’s economy, the prospects for this year are more favourable.Once a euro-zone outperformer, we suspect that Spain’s economy will underperform as the failure to undertake necessary growth-enhancing structural reforms comes home to roost.

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