Fitch moves to ‘positive’ outlook on Spain By Reuters

(Reuters) – Credit score scores company Fitch on Friday raised its outlook on Spain to “constructive” from “steady”, citing enhancing structural elements which can be more likely to bolster the nation’s GDP development potential and resilience in opposition to exterior shocks.

“Optimistic labour market tendencies boosted by robust internet migration and reform, improved competitiveness, and the absence of macro-financial imbalances, underpin Fitch’s evaluation that Spain will proceed outperforming its eurozone friends over our forecast horizon,” the company mentioned.