Spain's Economic Resilience Defies European Downturn

Spain's economy is set to outpace other major advanced economies, driven by tourism, immigration, foreign investment, and public spending. A burgeoning tech startup scene, supported by favorable laws and tax incentives, is attracting talent and investment, making Spain a rising tech hub. However, challenges like low GDP per capita, high youth unemployment, and housing market issues persist. To sustain growth, Spain needs to enhance incentives for startups, increase R&D investment, and address economic imbalances.