
IMF: Spain’s richest 20% earn seven times more than poorest 20%
World body warns the country is among EU’s worst offenders in terms of income inequality

World body warns the country is among EU’s worst offenders in terms of income inequality

Output has recovered 80% of what it lost during economic crisis but GDP make-up has changed since 2008

But the poorest 25% of households have fallen into debt, according to new Bank of Spain report

Seniors were only group to see income rise from 2011 to 2014, new study reveals

Jump caused by spike in oil prices raises concerns about Spain’s ability to stay competitive

But budget restrictions will see assistance limited to a pilot program for workers under 30

The organization also criticizes the abuse of temporary contracts and is calling for labor market reforms

Overseas trade has hit record levels but has been slowing since July and was stagnant in September

Proposals backed by emerging center-right group Ciudadanos to avoid income tax increase

Popular Party in talks with Ciudadanos about best way to raise income as Brussels calls for cuts

Brexit prompting some companies to rethink overseas strategy, says new report

Debt-to-GDP ratio passes 100% for third time in months, reaching levels not seen in 100 years

After taking on another €18 billion, the country’s ratio of borrowing now stands at 100.9% of GDP

National, regional and local spending on new roads and maintenance is now around 0.4% of GDP, and the figure is likely to fall some more

Social Security questions figures, but admits that there are errors in the systems used to cross check deaths with retirees in receipt of state pensions

The institution is predicting a slowdown in European economies over the next year

Figures for 2015 show record sales of €55 billion from contracts in wide range of sectors around the world

Analysts are forecasting that lower tax revenues and higher spending will take the figure close to 4.1% of GDP

Spain’s risk premium rises on Friday while experts warn about the mid-term effects of Leave