Spanish economic position strengthened<\/b><\/p>\n
Spain has now overcome the most serious part of the economic crisis: \u00a0External demand and a rise of internal consume within Spain have improved the country\u2019s financial conditions and market confidence. This development is reflected by the International Monetary Fund\u2019s (IMF) surveillance. As only country of the European Union Spain has improved its economic forecasts proclaimed by the IMF<\/a>. This month\u2019s surveillance by the IMF estimates the growth rate one tenth percent higher in 2014 (1.2%) and 2015 (1.6%) than in July.<\/p>\n <\/p>\n Spanish GDP\u2019s growth rate rising and unemployment rate dropping<\/b><\/p>\n Comparing\u00a0the foreseen growth of the average European Union\u2019s GDP and the Spanish GDP, the latter is expected to grow 0.5% more than the general average of the European Union\u2019s GDP. The average Union\u2019s growth is expected to increase by 0.8 % in 2014, whilst Spain\u2019s GDP is expected to increase by 1.3 %.\u00a0 Moreover, the last three months of this year the growth rate is estimated to reach even 2.0 % in Spain. In 2015 Spanish average GDP growth is estimated 1.7%, so still four tenths percent more than the Union\u2019s growth rate and two tenths percent more than Germany\u2019s expected growth rate.<\/p>\n The expected unemployment rate has improved since the last forecasts for this year in July: A drop down of three tenths is expected for 2014. The average unemployment rate is estimated to sink further by 1.1 % in 2015.<\/p>\n <\/p>\n Further measures to strengthen Spanish economy<\/b><\/p>\n To support the positive outcomes, the Spanish ministry of economy and competitiveness has recently adopted new measures, within the plan ICEX, to promote the internationalization of business and attract foreign investments within Spain. Companies can apply with maximum of two projects simultaneously within the target fields to receive a maximum financial support of \u20ac 65,000.<\/p>\n The Spanish minister of economy and competitiveness foresees further positive surprises in the labor market during the next years.<\/p>\n <\/p>\n Notwithstanding the optimistic forecasts\u00a0referred to\u00a0above, Spain has still a lot of work to do. It is clear, so is it expressed by the IMF, that implementing additional reforms<\/a> to the ones carried out so far is an elementary step in order to solve (or try to solve, at least)\u00a0the main\u00a0problems that currently affect Spain’s economy. The aforesaid reforms\u00a0should lead (throwing in\u00a0a huge dose of optimism)\u00a0to the\u00a0following achievements: a decrease of the private sector debt, an improvement of the labor market (especially with regard to the youth unemployment rate), an increase of indirect taxes (such as VAT) and a reduction of social contributions.<\/p>\n\r\n\t\t