While the main economies of Europe face uncertainty and deceleration, the Business panorama In Spain It seems to be living a moment of Optimism and growth. This is collected by one of the most important economist media in the world, The Economistwhich ensures that the atmosphere in Madrid is remarkably more positive compared to the climate of concern that predominates in cities such as Berlin and Paris. Affirmations that base on different economic data.
One of them is the growthboth from the country and the Spanish market. And is that The Spanish economy grew 3.2% last yearalmost four times the average of the eurozone (which grew 0.7%), while the French expanded moderately (1.2%) and the German contracted 0.2%.
Another sign that justifies the progress of Spain is Ibex 35 progressionthe main Spanish stock market index, which won 14.8% during the past year and achieved one of the best results of European selective (only advanced by the German Dax).
According to The Economistof the cyclist Two the “successful engines” from Spain. The first of the factors is the Reduced price of electricitywhich has reached levels comparable to those of the United States. Twenty years ago, Spain imported 50% of its electricity. Today, it has achieved a high degree of self -sufficiency, taking advantage of renewable energy sources such as solar, wind and hydroelectric; which has led him to a privileged position in this area.
On the other hand, the immigrationa factor that has promoted the workforce and that it has not generated “the same political tensions as in other countries”, because “most newcomers speak Spanish and have a similar culture.”
However, this point also has a disadvantage: the problems with the housing that is generating. And it seems that demand is overcoming the supply, which has triggered prices, while wages have not grown at the same rate: “In the last ten years, rentals have doubled, while wages have only increased by 20%,” they explain and add that this has led the Spaniards to take the streets.
“Many of the largest companies in Spain prosper,” the medium also alleges. Among the most important Spanish companies stand out Inditexwhich has long been one of the world’s greatest fashion retailers. But Spain “also houses two of the ten most important banks in Europe for stock market”, which are BBVA and Santanderas well as “leading companies under construction and infrastructure”, where the ACS Group, Shake or Railway.
However, there is a single “but” that puts the environment to the business landscape: investment and productivity. The lack of clarity about new laws and regulationstogether with the excessive bureaucracy Both at regional and central level, it is discouraging investors. As a result, according to the medium, Low business investment has a negative impact on productivityespecially if companies do not allocate resources to more advanced technologies. In the last ten years, the growth of labor productivity has been only 0.2%, well below the OECD average, which is 0.9%.
