Spain's Strong Economic Growth Held Back By Banking, But Not For Long

Watch out Europe, Spain, once considered a troubled economic region mired deep in debt and unemployment, has become a relative powerhouse. While many economic indicators, most specifically unit labor costs, have led to relative prosperity, one indicator of economic prosperity lags: its stock market remains stagnant, an institutional multi-asset research piece from Source points out. However, this could change because the sector holding back stock prices is likely to get a lift. Spain, once the “problem child,” has reduced its unit labor costs and economic numbers are robust “The problem child that was Spain has turned into the dynamo of…