“Spanish growth has exceeded all expectations
,” boasted the Spanish Minister of the Economy, Carlos Cuerpo.
And it is true that neither the OECD, nor the European Commission, nor the Bank of Spain, nor private analysts, nor the government itself had bet on an increase in GDP of 2.5% in 2023. The figure also beats the results of major European economies.
Good health that economists attribute mainly to the vigor of consumption, but also to public spending, which risks having to reduce its sail this year.
“
These good figures are fundamentally due to consumption
,” judges Robert Tornabell, professor emeritus of Economics at Esade Business School.
Both the spending of Spaniards, but also that of tourists.
Because the last months of the year, which are traditionally cold months, where only the Canaries attract tourists interested in the sun, the exceptionally mild temperatures have brought visitors…
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