Worldway Immigration Comprehensive Report: According to the Wall Street Journal, EU official economists stated that the sharp decline in global oil prices and the depreciation of the euro will boost economic growth in the eurozone this year, leading to an upward revision of growth forecasts for the eurozone's largest economies. This news comes as a pleasant surprise for the eurozone, which has been facing the prospect of long-term economic stagnation. At the same time, it will further increase the enthusiasm of international investors for Spanish investment immigration.
Economists at the European Commission stated that the eurozone economy is likely to grow by 1.3% and 1.9% in 2015 and 2016, respectively. Last November, they projected eurozone economic growth of 1.1% and 1.7% for this year and next. Yesterday, the European Commission raised its economic growth forecasts for most of Europe's largest economies, including Spain, increasing Spain's 2015 economic growth forecast to 2.3%. This projection is 0.6 percentage points higher than the agency's forecast from last November and exceeds the 2% growth forecast for the same period from both the International Monetary Fund and the Spanish government.
The European Commission stated that this adjustment is mainly due to the improvement in Spain's financial environment, increased market confidence, and steady growth in employment. At the same time, the European Commission also raised its 2016 economic growth forecast for Spain from 2.2% to 2.5%.
Various signs indicate that the Spanish economy has now stopped contracting and is gradually entering a phase of revival. Since the late 1990s, the development of the construction and real estate industries brought a boom to the Spanish economy. However, with the arrival of the 2008 global financial crisis, the Spanish economy suffered a downturn, which led to the introduction of the Spanish property investment immigration policy to drive real estate sales growth. A Wall Street Journal survey shows that in 2014, Spain's economy grew by 1.4%, recovering faster than expected. Spanish Minister of Economy Luis de Guindos also stated that the Spanish economy will continue to grow at a rate of 2.5%-3% over the next two to three years, with the potential to return to pre-2008 financial crisis levels by 2017. Spain's economic foundation is more stable than before, including a continuous decline in the unemployment rate, consumers regaining purchasing power, and good export growth in various industries such as technology, pharmaceuticals, automobiles, and equipment.
Worldway immigration experts state that in order to boost the economy, Spain promulgated the Entrepreneurship Investment Act in 2013, which attracted great attention from global investors. In 2014, European property investment immigration became very popular as the European economy began to recover. Favorable and affordable property prices, combined with the status of a long-established European capitalist power that everyone aspires to, have made Spanish property investment immigration highly sought after. Today, the continued recovery and growth of the Spanish economy will inevitably further boost the trend of investment immigration to Spain.
