Eran Peleg, CIO November 27, 2018
Historically, Spain and Italy have been seen as two of the most problematic countries within the Eurozone. Some people still perceive the two in a similar light. But, nowadays, this is a mistake. Economically, they are in a very different place. While Italy is still struggling, Spain is doing pretty well.
There has been much focus recently on Italy’s fiscal problems and on a general moderation in Eurozone’s growth. And Spain? Spanish economic activity is not only stronger, but has also remained stable -- Q3 growth was 2.5% year/year. That said, the real differences are most apparent when zooming out and examining macro-economic performance over a multiple year period: growth has improved dramatically and the country’s debt is under control. See charts:
The bull has long been a symbol of Spain. Finally, time to be economically-bullish?