Posted 3/29/2024, 6:01:19 AM
Spain's Thriving Economy Outpaces Sluggish EU Growth
- Spain's economy is thriving, outpacing EU growth, buoyed by domestic spending, investment, and tourism
- GDP grew 0.6% in Q4 2023, far exceeding stagnant eurozone and EU averages of 0%
- Inflation has retreated from 2022 highs but still remains above pre-pandemic levels
- Spanish assets like stocks and bonds are surging, with IBEX index at 2017 highs
- Positive outlook from Moody's and projected 2024-2025 growth above EU averages, driven by consumption and investment
