The Iberian Cousins Are Going Their Separate Ways

Page created: Tuesday, 23 August 2016 8:47 GMT

Economic Growth  Economic Recovery  Key reform

Spain and Portugal may have endured the same pain during the euro zone’s debt crisis. When it comes to the recovery, the two nations are taking different paths.

While Spain’s growth rates are some of the strongest in the 19-nation region, with confidence in economic prospects fueling a surge in investment, Portugal is paying the price for backtracking on key reforms. That’s according to Holger Schmieding, chief economist at Berenberg Bank.