Spain's economic performance is expected to be resilient, while Germany is likely to experience dampened economic growth.
This reflects a crisis of confidence, driven by the late recognition that Germany's economic model is no longer viable.
Spain's outperformance is multifaceted. The post-pandemic normalisation of industrial production and strong employment figures are crucial to Spain's economic rebound.
Economic and geopolitical risks still remain for next year, especially as new government leaders in the EU, US and Germany may make significant changes.
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