Tag: economy
Spain will be worst hit first world country by coronavirus crisis, according to IMF
SPAIN will be the worst hit first world country, economically, due to the coronavirus crisis, the IMF has said.
Bank of Spain estimates the economy will shrink by up to 15% due to coronavirus crisis
THE Bank of Spain has estimated that the economy will shrink by 15% due to the coronavirus crisis.
Ryanair slams rival airline handouts as it records €1 billion profit pre-COVID-19
LEADING budget airline Ryanair has recorded profits of €1 billion during the 2019 financial year. This marks an increase...
Andalusian economy predicted to shrink by up to 11.5% following the coronavirus crisis
THE Andalucian economy is predicted to contract by up to 11.5%, a new study has found.
IN NUMBERS: How Spain’s economy will shrink by unprecedented 9.2% this year due to coronavirus crisis as government hopes...
SPAIN’S economy will shrink by 9.2% this year. That’s the gloomy forecast made by the government this week, representing a significantly bleaker outlook than the...
Mercadona sees profits drop 95% in March during Spain’s COVID-19 crisis
MERCADONA has recorded losses of nearly 95% in March, it claims are due the coronavirus crisis. The supermarket giant...
Saxo Bank Chief Economist Steen Jakobsen to answer crucial questions on Spain’s economy at free Marbella seminar
He regularly appears as an economics pundit on Bloomberg News and CNBC, commenting on the latest international financial developments
Spain is still THE place to go following a successful January to July season – after all, 78 million...
Tourists in July were on average spending €150 a day, 4.9% more than they were at the same time last year
Expect Spain’s property prices to plateau and ‘sustainable’ to become the buzzword for buyers, writes Adam Neale
The market’s appetite for sleek white villas and apartments appears to be slowly cooling but homebuyers continue to look for innovations in style, comfort, economy and, in particular, sustainability
Number of Spain’s ‘super rich’ millionaires surges by 74% in decade as poorest get poorer
The net wealth of Spain’s poorest 50% has decreased by 4% since 2008
A rebound in the European economy is forecast for 2019
Elaborating economic premises is not an easy task, especially if the object of analysis involves a compendium of countries such as those that make...
70% Amazon staff at largest warehouse in Spain strike ahead of Three Kings Day
ANGRY: Amazon workers in Spain's capital Madrid strike ahead of Three King's AMAZON workers at their Madrid warehouse...
Costa del Sol shoppers have already bought one third of Christmas presents ahead of Black Friday rush
Black Friday has a huge impact on Christmas spending habits, with 77% of consumers making a purchase on the now-legendary discount day
BREXIT: Spain tourism minister in crunch talks with Thomas Cook and Jet2 to secure future of 18 million British...
Tourism makes up 11% of Spain's €1 trillion economy and British tourists are the largest visiting group, making up 25% of Spain's total tourists
Power to the people: Pedro Sanchez signs landmark deal to protect Spain’s self-employed
The changes are part of a government roll-out of fiscal measures to achieve a fairer society
Spain’s job market still feeling the effects of the economic crisis
THE economic crisis is continuing to pinch the jobs market in Malaga province where 53,500 fewer men are in work compared to a decade...
Spanish are eating out more – and particularly at more foreign restaurants, particularly Italian
THE locals are eating out more, spending more and, best of all, widening their palate. In good news for expat restaurateurs, the average Spaniard ate...
Reduction in Spain’s economy forecast following political unrest
SPAIN is the only developed economy to have its growth prospects for 2018 reduced by the International Monetary Fund. The forecast cut back, announced during...
King Felipe VI assures business leaders Spain’s economy is still strong
Speaking to leaders at the World Economic Forum, Felipe encouraged business leaders to keep investing in Spain because it is a ‘great country’, despite the ongoing Catalan saga.
Future is bright as Spain’s economy grows in line with expectations
As for the future, the Bank of Spain expects the country's economy to grow by 2.4% in 2018 and by 2.1% in 2019 and 2020.
TRAGEDY: Greek economy to grow faster than the UK in DEVASTATING new IMF forecast
FIGURES released this week by the International Monetary Fund (IMF) have painted a damning picture of the future of the UK’s economy. The IMF singled...
Brexit Update: Assessing its Impact on the European Economy
We’re all well aware of the impact the Brexit vote had on the economies of the UK and EU states. Immediate chaos ensued, due...
Spain economy expected to grow MUCH more than predicted by IMF this year
SPAIN'S economy is expected to grow much more than predicted by the IMF this year. The world banking institution had forecast growth of 2.6%, but...
Spanish debt reaches over €1 trillion
The debt has risen for a fourth consecutive month
Spanish economy on road to recovery thanks to excellent first quarter
The Bank of Spain increased its growth estimates for 2017-2019, citing an improved global economic outlook, and GDP increased by 0.8% in the first three months of the year.
Spain’s unemployment falls by almost 50,000 in March
Spain is seeing its lowest unemployment rate in seven years, however many of the new jobs created are in the hospitality sector, and are temporary.
LATEST NEWS FROM THE OLIVE PRESS
WATCH: What Brits living in Spain need to know about residency – Brexit message from British Ambassador Hugh Elliott
THE British Ambassador to Spain has delivered a key Brexit message to UK nationals living in the country. Hugh...
