Data shows that Spain's economy grew by 0.1% quarter-on-quarter in the third quarter, marking the first economic growth Spain has experienced after a long period of recession. In addition, the Spanish government recently announced that it will officially exit the bailout mechanism next year. Forecasts indicate that Spain is expected to achieve 0.5% economic growth next year, with the growth rate potentially increasing to 1.7% in 2015.
Increasing amounts of data suggest that Spain seems to have passed the most difficult phase and is slowly emerging from the shadow of the crisis. In the second half of this year, various economic indicators for Spain have indeed shown positive changes: exports have begun to recover, foreign direct investment has started to gradually pick up, and the interest rates on Spanish government bonds in international financing markets have also begun to fall. In October, the interest rate on Spain's 10-year government bonds had fallen to around 4.0%. At the same time, the international credit rating agency Fitch has even adjusted the outlook for Spanish government bonds from "negative" to "stable".
Experts believe that the signs of a warming Spanish economy are clear, and a series of positive data and signals indicate that the Spanish economy is gradually returning to growth. Spain's industrial production has begun to recover, the volume of parts supplied by companies to major German automobile manufacturers has rebounded, and export values to other parts of the world are also showing a growth trend. Small and medium-sized enterprises in Spain have also gradually found ways to return to profitability. Those small and medium-sized enterprises that survived the crisis are actively developing overseas markets and have achieved a certain degree of success.