No Green Shoots of Recovery
Document type: Interview
Languages: Spanish / English
Geographic area: Spain
Spain entered 2012 with negative growth of -1.6 percent of GDP in the first quarter, confirming a W-shaped recession, says Prof. Javier Díaz-Giménez. We can only hope that the second loop of the W won’t be as deep and long as the first, he says. The forecast for 2013 is deteriorating and there won’t be any significant growth until 2014.
Bibliographic citation: IESE; IESE Insight, "No Green Shoots of Recovery"