Where are the opportunities following Spain's dramatic reforms?

clock • 4 min read

Structural reforms are opening up the Spanish market to alternatives managers and lenders again, writes Squircle Capital managing partner José Caireta

The IMF raised its GDP growth forecast for Spain to 3.1% from 2.5% in June, far ahead of the European average. This underlines the country's remarkable recovery from the depths of the financial crisis (see chart, below).  Back in 2007, Spain had the world's second-worst current account deficit. Today, its primary budget deficit is shrinking fast; productivity is improving, thanks to internal devaluation (since 2009, labour costs have fallen 12% relative to German wages); and exports are booming, up around one-fifth from their pre-crisis level. Spain is a major producer of auto part...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Europe

FundCalibre's Schooling Latter: The shifting sentiment in Europe

FundCalibre's Schooling Latter: The shifting sentiment in Europe

Portfolio picks

Juliet Schooling Latter
clock 27 March 2024 • 4 min read
Timing of ECB rate cuts in doubt as core eurozone inflation measure disappoints

Timing of ECB rate cuts in doubt as core eurozone inflation measure disappoints

Services price inflation remains sticky

Valeria Martinez
clock 01 February 2024 • 1 min read
Eurozone inflation rises to 2.9%

Eurozone inflation rises to 2.9%

Driven by energy prices

Elliot Gulliver-Needham
clock 05 January 2024 • 1 min read
Trustpilot