Spain's economic growth expected to stay healthy

Threadneedle's overall economic forecast for Spain remains positive, in contrast to the stance on the greater European market. The Ibex 35 index has fallen 6.45% in sterling terms for the year to the end of June while the Bloomberg 500 index has fallen 8.51% over the same time period. Economic growth in the country will slow over the second half of the year but is expected to remain healthy at 3%, down from 4%, says William Davies, head of Europe ex-UK at Threadneedle. 'Anything to do with the retail industry will continue to do well. Retail sales in Spain are up, with newly floated c...