How Spain's economy became the envy of Europe
Published On Feb 9, 2025, 8:43 PM
Tourism is driving Spain's economy, which has recovered strongly post-COVID, attracting a record 94 million visitors in 2024. Economic growth of 3.2%, alongside investments from the EU's recovery fund, boosts various sectors including technology and green energy. Although challenges like high unemployment and public debt persist, Spain is predicted to continue leading growth among major EU economies, thanks largely to its balanced economic model and modernisation efforts.
Stock Forecasts
EZU
Positive
The investment appeal in Spain is heightened due to increasing tourism, substantial EU recovery funds, and a focus on green energy and technological advancements, suggesting a positive economic outlook.
VGK
Positive
Given Spain's economic resilience and potential for growth amidst challenges, there is a strong bullish sentiment towards ETFs that focus on Eurozone economies, which may benefit from Spain's performance.
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