During the most recent CEAL meeting in Chile, the presidents of the 21 branches which form the Business Council shared their vision on the current situation of the countries they represent.
Núria Vilanova, president of the Iberian branch of CEAL, analyzed the Spanish economy and highlighted the positive data mentioning that “the key for the economy in Spain is trust”.
According to Vilanova: “The economic growth is increasing. Data from FMI tell us that the Spanish GDP will increase 2.5%. It is also very significant that the investment is driving the construction sector which changes from recession to a growth of 5% due to the increase in the activity and improvement of financing conditions”.
The president stated that one of the essential factors was the foreign investment and exports which increased 7.1% and confirmed the trust in the country’s economy. Núria Vilanova stressed the importance of Latin-American companies’ investment. “The investment of Latin-American companies, lead by Mexico, was essential for the recovery and a good example of trust and good corporate relations between countries from both sides of the Atlantic”.
Concerning unemployment, Iberian CEAL responsible underlined that “in the last twelve month 536.000 jobs were created so it is predictable that the private consumption will grow 3.4%”.
Although the number is promising, she concluded that “the biggest challenge for the Spanish economy is still increasing the growth that will generate employment and keep reducing the drama of unemployment”.
