Market in Minutes

Madrid Offices - Q2 2017

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The Spanish economy continues to grow in line with expectations, albeit at a slightly more subdued rate. The annual growth forecast stands at between 2.9% and 3.1% according to various public and private institutions, although it is worth highlighting that all forecasts have been revised upwards.

In terms of the jobs market, the number of social security registrations remains promising, rising by 708,430 in H1 2017 according to the Ministry of Employment and Social Security. These indicators would suggest that the unemployment rate in Spain will continue to trend down towards 17.5% in 2017 and even reach 16% by 2018, according to Focus Economics.

Source : Savills

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