2012 and 2013: Two fundamental years for fiscal consolidation
The deterioration of Spain’s public accounts and investors’ loss of confidence are among the most visible effects of the economic crisis.
What is the Outlook for the Spanish Economy?
Economic growth in Spain in 2011 as a whole was 0.7%. Although this was a better result than the -0.1% registered in 2010, the evolution throughout the year as a whole was negative and the growth outlook for 2012 points to further deterioration.