The Situation of Spanish Economy is Considered to be Bad or Very Bad.

The situation of the Spanish economy in the last quarter of 2009, was bad or very bad for the 94.7% of the experts that participated in the report “Economic Consensus”. From the consultant PriceWaterhouseCoopers (PwC). The report highlighted in addition, that the 47.7% believes that the situation of the Spanish economy will remain equal during the next 6 months.

In the report, where participated 96 experts, 42.7% that the situation of the Spanish economy economy during the fourth quarter of 2009 was very bad ( in front of 58.4% from the previous report), and 52% said that was bad (40.4% the previous report)

When asking the participants about their perception for the next 6 months, 51.04% said that the Spanish economy will improve, 44.7% that will not change, and 4.17% that will get worse.

The experts of the report, also answered a question about the economic growth in 2010, 47,9% answered that will be between -1.5% and 0.5%; 34,4% answered that will be higher than -0.5%; and 16.6% answered t between -3% and -1.5%.

About the financial situation of families, 68.7% affirmed that is bad, and31.2% that is regular; while

about the situation on next 6 months , 65.6% answered that will remain the same, and 11,4% that will get worse.

According these projections, 62.4% forecasted that consumption of families during the next 6 months will remain steady, while the consumption of houses will be reduced by until 57,2%.

In this edition , the report is centered around the project of the Sustainable Economy act.

To the question about the possibility on the existence of a sustainable model of economic growth for the Spanish economy, 82.1% answered yes and 17.8% answered no.

However 82.1% believes that it is not possible to obtain with an elevated unemployment rate and 77.4% that this new act from the Government will contribute “little” to obtain a new economic model, in front of 12.9% that believes that will contribute “nothing” and 9.6% estimates that will contribute enough to the Spanish economy.

Related posts:

1. Fitch reduced the rating of Spanish national debt
2. The Beige Book of the Federal Reserve, detected that the economy in the United States is getting better
3. The Budget Constraint of Consumers, New Release about Economy and Business
4. The Federal Reserve is optimistic about the economy but will keep interest rates steady
5. Obama is Trimming the Fiscal Deficit