When you have any plans to move to another country and settle there, or, especially, if you are already there, you should be aware of many aspects of the commonday life in that country: economics, finance, property market, health care, etc. But changes and important events occur in every country, over and over. So if you are interested in getting constantly notified about the most important events in the country, economic prospects and the situation in the labor market, what industries are on the rise and in what industries the unemployment grows, then you should definitely visit this page of news in Spain from time to time. We will provide you only with important news and forecasts, related to the Spanish economy or its industries.
It is important to stay updated about the most important economic and financial matters in the country
Spain had seen a great economic downturn in 2008 when the country sunk into a recession, making it an unlikely destination for many expats, since its unemployment rate equaled 27 percent in 2013. As the article in this section shows, the Spanish economy is estimated to be among the fastest-rising ones in the European Union and, especially, in the stagnating Eurozone. The annual GDP growth is estimated to be a little bit lower than 3 percent in 2017, while the Spanish Minister of economy promises to create more than a million of workplaces within two years.
At the same time, the rate of unemployment in Spain also tends to lower gradually, despite a slight surge in January, which has historically always been bad for the Spanish labor market. Forecasts of observers and assumptions of officials show that the unemployment rate might reach 11% by 2020.
In the nearest future, the economic growth of Spain will definitely be supported by the growth of the Spanish tourism industry, unless something unexpected happens. The piece of news in Spain regarding its tourism industry suggests that the growing political instability in the world and, especially, in the Middle East and Turkey may give a good momentum for Spanish hoteliers, travel agencies, flight carriers, and other companies.
On the other hand, the industry that accounts for more than 11% of the Spanish GDP is likely to face another kind of issues. Even though Spain received more than 75 million tourists in 2016, many of them try to cut their expenditures by renting flats instead of staying at hotels, planning trips on their own instead of purchasing packages, and so on. But despite those facts, the tourism industry of Spain will remain a good source of workplaces in the Spanish economy. So, keep being updated with this page of news in Spain.