The new government quickly needs to act in order to retain market confidence

• The forecast of economic activity in 2012 points towards a weak growth of 0.2%
   
• Sectors related to state investments and private consumption face more problems
   
• Business insolvencies expected to have increased 14% in 2011
   
• Given the high insolvency level at present, we foresee a mere stabilisation, despite the weaker economic outlook

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General Information

Capital - Madrid
Currency - Euro (EUR)
Population - 46.7 million
 
Main import sources (2010)

• Germany - 12.6%
• France - 11.5%
• Italy - 7.3%
• China - 6.8%
• The Netherlands - 5.6%

Main export markets (2010)

• France - 18.7%
• Germany - 10.7%
• Portugal - 9.1%
• Italy - 9.0% 
• UK - 6.3%

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Date January 2012