In the land of festivals, the sun is shining. Spain is the eurozone’s fastest growing economy, driven by a recovering housing market, booming tourism and a rebound in consumer confidence that signals an eight-year economic slowdown is at last over.
The country's gross domestic product (GDP) will likely expand by 3.2% in 2017, according to economists’ estimates, and in June the number of registered unemployed fell to the lowest level since February 2009. Construction, which played a central role in the country’s financial crises, is growing strongly, with job creation reaching 6.3% in the second quarter and 120,000 new houses expected to be built in 2017, more than double the number seen three years ago.
