Prime Minister Pedro Sanchez has said the Spanish economy is surging ahead 'like a motorcycle'. The situation is "paradoxical" because "the Spanish economy is doing pretty well" especially in comparison with other major European nations such as Germany, said Esade Business School economics professor Omar Rachedi. "Spain is weathering much better than the rest of Europe the complex international scenario," Economy Minister Nadia Calvino said at the end of June. Sanchez has said the Spanish economy was surging ahead "like a motorcycle", and points out 426,000 jobs were created in the first quarter, mainly in the tourism sector. The economy may be advancing "like a motorcycle" for the government but "not for us," he added.

Source: Daily Nation July 16, 2023 03:10 UTC