Spain a eurozone economic laggard

Spanish households had proved reluctant to spend the €55bn in savings he estimated they built up in the pandemic. 

 Some observers say that for decades Spain’s economy has lagged behind the rest of Europe in the economic cycle and that its swings are more violent, with bigger rises and steeper falls.

FT 8 November 2021

https://www.ft.com/content/2af9039d-b2e1-4392-a5d3-cfb559f550f0