When Will Spain's Recession End?

Interview with IESE Prof. Javier Díaz-Giménez


It is impossible to say when Spain's recession will end, says Prof. Javier Díaz-Giménez. Much depends on the government, which is already showing signs of reform fatigue, and on Spain's main trading partners, where growth continues to be sluggish. The eurozone economy is still shrinking, and the IMF doesn't expect a strong recovery this year. However, there are signs that the Spanish economy may pick up slightly in the last quarter of 2013.