The Council of Competitiveness, which is made up from the 16 biggest companies in Spain, assured yesterday that Spain's economy will bottom out this summer and then enter a period of light growth (0.3% per year) by the fourth quarter.
If this happens, job creation could follow by Q2 2014. Major business leaders think that there are strong reasons to be optimistic and that Spain will realize its first round of growth and say goodbye to five years of financial crisis through heightened foreign trade and business operations. Excepting any unforeseen problems, indicators suggest that the Spanish economy will in fact start to recover at the end of 2013. That said, businesses know that the country will not be able to fix its primary problem -- creating jobs -- for another year after that.
