Spain has been receiving some lavish praise of late in the British press. ‘Booming Spain is on track to a new age of prosperity’ was the headline in the Times last week, a response to the news that its GDP is forecast to grow by 2.5 per cent this year.
The Financial Times was similarly effusive about Spain’s economy in a piece last October, in which it quoted the country’s prime minister, Pedro Sánchez. ‘I can say that Spain is living an extraordinary moment. Our country is experiencing great success.’
The Times explained that Spain is growing at three times the rate of the Eurozone for three reasons: immigration, tourism and lower energy prices. Since 2022, Spain has welcomed one millions immigrants and they have snapped up 40 per cent of all new jobs created, predominantly in agriculture, hospitality and construction.
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