Qatar Natl Bank: Spain's economy recovers to growth
The Spanish economy has experienced a notable rebound after a period of crises, transforming from a fragile and shaky economy following the housing market collapse and the Euro debt crisis into one of the fastest-growing economies in Europe. In 2024, it achieved a growth rate of 3.2%, and the Eurozone is expected to once again lead in 2026. This shift reflects broad structural reforms, including enhancing the competitiveness of the export base, improving the labor market, strengthening the financial sector, reducing reliance on the construction industry, diversifying the services economy, and directing large European investments toward renewable energy while decreasing dependence on energy imports. Despite these advances, unemployment remains high at around 10%, and public debt approaches 100% of GDP. Maintaining sustainable productivity growth continues to be a major challenge.
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