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Against the weak economic backdrop, occupational and investment activity for office space remains cautious and highly selective across all markets in Spain. The government’s focus on large, upfront fiscal retrenchment continues to weigh heavily on consumer and business sentiment, although encouragingly 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
