The document, which details the macroeconomic forecasts for the next four years, presents a quite positive scenario for the Iberian Peninsula. According to the Stability Program, Spanish exports are expected to grow to 3%, exceeding the 2.3% registered in 2018, so the current account balance will continue to be surplus, standing at 0.5% of GDP at the end of the forecast period. Employment rate at pre-crisis levelsCurrently, the unemployment rate in Spain is 14%. Now, after winning the general elections, Sánchez aims to implement his fiscal plan as soon as possible so that for 2020 there is a tax increase worth €5,65 billion ($6,2 billion). But at the end of April, the European Statistical Office (Eurostat) certified that Spain registered a public deficit equivalent to 2.48% of GDP.

Source: Forbes May 06, 2019 09:22 UTC