Spain

65% of Spaniards believe the country is moving in the wrong direction

International consulting firm Ipsos delivered a new edition of the "What Worries the World" survey at the end of 2023. Inflation, crime and poverty are the biggest concerns in the 29 countries analysed. On average, 61% of the population surveyed believe their country is heading in the wrong direction, with Spain (65%) slightly above the average.
Congress approves reduced working hours without pay cuts

The Spanish Government approves reduced working hours without pay cuts

The Spanish Government has approved Sumar's motion to promote reducing the working week to 38.5 hours this year without pay cuts, with the only Vox voting against it and the PP and Junts abstaining. This is the first initiative on reducing working hours that the Lower House has debated and voted on
OECD upgrades its growth and inflation forecasts for Spain in 2024

OECD updates its growth and inflation forecasts for Spain in 2024

The Organisation for Economic Co-operation and Development (OECD) has revised its growth forecast for Spain upwards by one-tenth of a percentage point in 2024, which it now estimates at 1.5%, after the 2.5% growth in 2023, while it maintains expectations of a rebound in activity to 2% by 2025. The
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Property buying costs in Spain: taxes and fees in 2024

What is the real cost of buying a property in Spain in 2024? Buying a house in Spain can be a both exciting and daunting for many reasons, especially for expats who are moving abroad and buying property in Spain for the first time.
Spanish disposable income falls the most among OECD countries

Spanish disposable income falls the most among OECD countries

The real per capita income of Spanish households recorded a decline of 2.09% in the third quarter of 2023 compared with the previous three months, a reading well below the 0.2% decrease for the Organisation for Economic Co-operation and Development (OECD) as a whole, positioning Spain at the head of
Spain top in unemployment in the developed world

Spain top in unemployment in the developed world

The unemployment rate in Organisation for Economic Co-operation and Development (OECD) countries stood at 4.8% in November, remaining at its lowest level for the ninth consecutive month in the historical series, which began in 2001, according to the organisation.