A strong, broadly based economic recovery in the eurozone is nowhere in sight – as will become clear on Friday, when Eurostat, the EU agency, and several national statistical offices publish estimates for gross domestic product growth in the third quarter of this year.
Yet among the eurozone’s “big four” – Germany, France, Italy and Spain, which account for over three-quarters of the 18-nation area’s economic output – one country is being showered with praise for supposedly bucking the trend. It is Spain. How accurate is this picture?
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