Spain

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Spain has recorded some of the eurozone’s strongest post-pandemic growth, with gains driven by tourism, immigration, and EU recovery funds. Yet, household perceptions remain mixed, shaped by inflation, tax pressures, and persistent inequality that undercut the broader economic narrative.

In 2024, Spain’s households continued to build financial strength through rising incomes, high savings, and manageable debt burdens. Meanwhile, non-financial corporations faced falling profitability and persistently weak investment, revealing a growing imbalance in the post-pandemic recovery.