Eurozone’s fourth-largest economy on track to recover year earlier than expected
Tourists enjoy a hot summer day at the Tauro beach on the island of Gran Canaria, Spain on July 17 2022. Picture: REUTERS/BORJA SUAREZ
“Tourism has exceeded the best of expectations — until recently it was difficult to think we could have returned to 2019 levels,” Carlos Cuerpo, head of the Spanish treasury, said. “Beyond a growth revision, what’s important is the positive expectations we are seeing.” Spain’s tourism frenzy suggests that for now, visitors are shrugging off inflation that is near a four-decade high in the country.
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