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Spain News Today

Spanish news in English

Saturday, February 1, 2025

Spain's Economic Resilience Shines

Published: 2024-12-27

Spain's economy has shown remarkable resilience despite global challenges like the war in Ukraine and inflation.

Over the past three years, the country's GDP growth has consistently exceeded expectations, driven by strong family consumption and a 21.3% rise in exports.

The labor market has also improved, with unemployment rates dropping significantly, though youth unemployment remains a concern.

International recognition, including from The Economist, highlights Spain as a top-performing economy for 2024, citing reforms and increased foreign investment.

However, challenges such as public debt and housing shortages persist.

Experts emphasize the need for balanced economic policies to sustain growth and address vulnerabilities.