Exports surge as govt claims tide has turned!

LoadingFavourite

This topic contains 0 replies, has 1 voice, and was last updated by Profile photo of DBMarcos99 DBMarcos99 3 years, 5 months ago.

  • Author
    Posts
  • #57618
    Profile photo of DBMarcos99
    DBMarcos99
    Participant

    …but IMF states still more to be accomplished…

    http://www.thelocal.es/20130619/imf-urges-reforms-even-as-spanish-exports-soar#.UcH8Q-zwPhE.twitter

    Exports jumped 18.6 percent from a year earlier to €20.398 billion while imports rose 7.2 percent to €22.04 billion.

    A trade surplus is a factor of growth in an economy, whereas a deficit tends to sap growth.

    “Particularly noteworthy are the increases in exports to emerging economies with the highest growth potential,” the ministry said in a statement.

    The biggest increase in exports was to markets outside of the European Union. Exports soared by 32.1 percent to China, 85 percent to Brazil and 151.9 percent to South Africa.

    By comparison exports to the rest of the European Union, where Spain’s main trading partners are also battling recession, were up by 13.2 percent.

    Exports of automobiles and motorcycles jumped by 26.8 percent, textiles by 32.3 percent and transportation equipment by 61.8 percent.

    Where is Logan? Wasn’t he sneering at this possibility – stating that exports would drop dramatically because of troubles in France??

You must be logged in to reply to this topic.