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The Spanish economy continues to face a number of challenges, with the deep austerity programme continuing to negatively impact on consumer and business confidence. Nevertheless, while the economy is still in recession, recent leading economic indicators are showing that the pace of contraction is easing and activity is expected to stabilise in the second half of 2013. GDP growth forecasts for 2013 and 2014 are -1.7% and 0.2% respectively.
Source : Cushman & Wakefield
