Spanish Exports Mark Record Year as Rajoy Craves Repeat
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Spanish officials affirmed the magnitude of the country’s export boom today after the best annual performance on record as they count on a repeat in 2014 to sustain the economic recovery.
Deputy Trade Minister Jaime Garcia-Legaz announced in Madrid that the value of goods sold abroad last year rose to the highest level since at least 1971, and the trade deficit shrank to the smallest on record too. Those data, signaled by Spain’s tax agency on Feb. 19, follow an improvement in competitiveness Prime Minister Mariano Rajoy claims credit for.