Wednesday 16 September 2015

Spanish economy under cloud of elections, Catalonia separatism

The rise of far-left party Podemos in Spain along with Catalonia’s separatist drive is unsettling investors who fear the country could change course in a “Greek-style scenario” after upcoming elections.

Spain, the fourth-biggest economy in the euro-area, returned to growth in 2014 after five years of declines. Consumer spending is up, exports have jumped and manufacturing output has increased.

The government forecasts an economic expansion of 3.3% this year - more than twice the average growth rate predicted for eurozone countries.

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