Americans found a favorable climate for investment in Spain

Americans found a favorable climate for investment in Spain

Economic conditions "favorable to investments" have developed in Spain, said analysts of the bank JP Morgan. The U.S. financial giant is the first global corporations who said that Spain is beginning to emerge from the crisis. Before only the government and the Bank of Spain were talking about it.

Experts note negative characteristics of Spanish economy (for example, a record rise in unemployment, the decline in GDP and an increase in public debt) and property market, as well as positive changes in the social and industrial sectors. Bank analysts believe that the media unnecessarily demonize Spanish image, and that once the "bad image" of problem country is overcome, the successes of Spain will become even more obvious.