The trade deficit fell 33.6% in 2012 thanks to a 3.8% increase to exports and fewer imports as demand for foreign goods wanes. These are positive signs that indicate that the Spanish economy is stabilizing.
Companies have extended their business to new markets, and it is important that sales of Spanish goods in the EU are increasing, because the trend shows how reform measures and corporate spending cutbacks continue to improve our economic position. But this is not the beginning of the recovery. Even though the trade deficit numbers are a good sign, they are not enough considering that we still need to cut costs, enact reforms and pay down massive debt amounts that continue to weigh down the economy.
