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 BBVA Research: "Spain records highest euro zone productivity growth, up 11.1% since 2008"- BBVA Research: "Spain records highest euro zone productivity growth, up 11.1% since 2008"
- April 10, 2012
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According to BBVA Research’s latest Economic Watch, Spain is regaining competitiveness and productivity the quickest of all the euro zone countries which could put the economy “on the path to sustained recovery.” Over the past four years Spain has recovered much of the competitiveness lost the previous decade by increasing productivity per worker and price and cost competitiveness.
This improvement is apparent in various areas, including the significant growth in exports which have enjoyed double-digit growth in recent years. Spain has enjoyed the highest growth of all the euro zone, with the exception of Estonia which joined the euro in 2011-.
A country-by-country comparison provides a better snapshot of the strong growth in Spain which, at the end of 2011, was exporting 9.5% more in real terms than before the crisis. Germany ranked fifth with a 5.3% increase in export...
- View more at: http://www.1888pressrelease.com/bbva-research-spain-records-highest-euro-zone-productivity-pr-388801.html
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