Spain cuts 2022 growth forecast over consequences of war in Ukraine
Spain has slashed its economic growth forecast for 2022, mainly due to the economic consequences following the Russian invasion of Ukraine, and which continue to fuel...
Employment
Spain to invest €11bn in microchip manufacturing to become global supplier
Spain is aiming to be a global leader in the semiconductor and microchip industry, as plans were announced this week for an 11 billion euro...
Spain to increase minimum wage to €1,000
Spanish Labour Minister Yolanda Díaz announced on Wednesday that the cabinet will be approving an increase of the country’s minimum wage to €1,000 at the next meeting...
Spanish government secures landmark labour reform, thanks to voting error
The Spanish Congress ratified on Thursday by a single vote made in error a landmark labour reform devised by the country’s PSOE socialist-led coalition government,...
Spain’s latest economic data beats expectations – & unemployment lowest since 2008
Spain’s economy continued to bounce back in the final quarter of 2021, as data released on Friday by the National Statistics Institute (INE) confirmed that...
Unemployment in Spain shows record fall in 2021, due to part recovery of tourism
The number of people registered as unemployed in Spain fell by 2.4%, or 76,782 people, in December from November – the 10th consecutive month of falling...
Spanish government secures its 2022 Budget, plus labour reform approval
Spain’s ruling coalition government of the socialist PSOE and left-wing Podemos parties, and led by Prime Minister Pedro Sánchez, secured its hold on power on...
Spain’s unemployment figures fall, yet economic growth downgraded by OECD
Data announced this week reveals another fall in the level of unemployment in Spain in November, and is the ninth consecutive month of a declining...
GDP forecasts revised, as Spain’s economic recovery slower than France, Germany
Spain’s economy continues to rebound from the impact of Covid, but it may take slightly longer than initially forecast to return pre-pandemic GDP levels. Much...
Spain shows strong employment data, but inflation is high and GDP below forecast
Official data released this week confirms that Spain’s economic recovery is gaining pace, with a continuing decline in the level of unemployment and a significant...
