SPAIN is set to account for 40% of all economic growth in the eurozone after a near-miraculous 2024 that has left traditional heavyweights Germany and France trailing in its wake.
Fresh data from the Bank of Spain reveals the country’s economy will expand by a robust 3% in 2024, nearly four times the Eurozone average of 0.8%.
The dramatic transformation has seen Spain’s GDP growth outstrip its larger European neighbors, despite representing just 10% of the Eurozone’s total economic output.
It makes a stark contrast to Spain’s position during the 2012-2014 financial crisis, with the country now leading rather than lagging behind its European counterparts in economic performance.
Just ten years on in 2023 and Spain’s GDP growth was nearly seven times the Eurozone average, and forecasts for 2024 suggest …