Martinez-Mongay, C.; Lasierra, L.A. Maza; Igal, J. Yaniz - Directorate-General Economic and Financial Affairs, … - 2007
At about 3¾% for more than 10 years in a row, Spain is enjoying the longest period of sustained growth above the euro area since the late sixties. This period is also characterised by a combination of persistently low real interest rates and a dynamic demography, which has been feeding...