Spain Recession To Continue In 2010: IMF Say
On the same day as the UK announced that it has formely exited the recession, the International Monetary Fund (IMF) have confirmed what many have been saying, that Spain will remain in recession throughout 2010, with low growth forecast for 2011.
There is increasing concern in particular over the level of property related debt in the construction industry that is currently estiated at over 320€ billion. |
To put this into context the Eurozone is forecast to grow at 1% and the world economy by just under 4%











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[...] Spain Recession To Continue In 2010: IMF Say | Expat Life Spain Posted in Uncategorized | Tags: a tough year, Alarming Statistic, Bad News, Business Contacts, Business Interests, calling the bottom of the market, Cheap Holidays, Confidence, cost reduction consultants, Economic Downturn, economic situation, Economy, First Signs, Front Doors, Helping People, Many People, No Doubt, Operative Word, recession, Three Fifths [...]
[...] It will be interesting to keep an eye on this particular metric to see if it is a good indicator of the general recovery in Spain that isn’t expected to occur until the end of 2010. [...]
[...] how quickly the country shows signs of getting out of the current recession that many forecast will continue through 2010, but yesterday I had a far more local indicator demonstrated to [...]
[...] Spanish economy remains in recession 11 February 2010 8 views No Comment Despite recent reports that Spain itself was feeling “bullish” about the recession, it seems that expats living in Spain would do well to not get their hopes up and to continue to expect the recession to continue well into 2010. [...]
during the height of the economic recession, our online and offline business in the US have suffered some major drop in sales. now our sales are getting slowly back to normal.
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