Spain's Strong Economic Growth Held Back By Banking, But Not For Long

Watch out Europe, Spain, once considered a troubled economic regionmired deep in debt and unemployment, has become a relative powerhouse. While many economic indicators, most specifically unit labor costs, have led to relative prosperity, one indicator of economic prosperity lags: its stock market remains stagnant, an institutional multi-asset research piece from Source points out. However, this could change because the sector holding back stock prices is likely to get a lift.

Spain, once the “problem child,” has reduced its unit labor costs and economic numbers are robust

“The problem child that was Spain has turned into the dynamo of Europe, with growth far outstripping rivals,”...