According to the OECD Spanish Reform efforts are showing Positive Results - Spain's Economy is Improving
In recent years thousands of Young Spaniards have been moving to other EU countries in search of work, however last year Spain managed to create half a million Jobs in spite of achieving a level of growth below the threshold previously deemed necessary to reduce unemploymen and which the Organisation for Economic Cooperaqtion and Development (OECD) attributes to the implementation of stringent reforms.
With growth this year forecast to reach almost 3%, the expectation is that between 600,000 and 700,000 new Jobs will be created, underlining the critical importance of such reforms, which in 2015 and 2016 are expected to créate a better business environment in Spain and an improvement in the labour market situation.
The OECD has raised its forecast for growth in the country's GDP in 2015 from 1.7% as forecast last November to 2.9%, while for 2016 it has increased its forecast from 1.9% to 2.8%. This brings the OECD forecasts in line with those of the Spanish government and the European Commission.
This gradual improvement in the economy is forecast to further reduce the number of jobless in the coming year which, although higher than the figure estimated by the government, is down compared to previous OECD forecasts.
All the signs are that the Spanish economy is becoming stronger making this a good time for those thinking of moving to Spain or buying property, be it for holiday or investment purposes.
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