In an economic and financial environment much more benign than that experienced in previous years, 2014 will be the year in which the economic recovery is consolidated and the financial crisis is left behind.
The Spanish economy has experienced five consecutive quarters of growth, and forecasts from analysts, national authorities, and international organizations remain that we will end the year with a year-on-year increase in national GDP of 1.3%, or higher, and around 2% for 2015. This is despite the fact that during this last quarter the quarterly growth rate has slowed to 0.5%, from the 0.6% reached in the second quarter, as a consequence of the slowdown experienced by the global economy and especially in the eurozone.
