A worrying new mortgage deal in Spain
π°π Why has the government rushed to get in mortgage relief for a million Spanish familes before 2023 begins?
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The global economic situation is not improving as 2022 comes to a close. The IMF said last week that the situation for 2023 was even gloomier than before. In Spain, the Economy Minister has twice reduced the growth forecast for next year only to twice be trounced with an even lower figure from the IMF or the Bank of Spain within hours. In October, the countryβs independent financial watchdog AIREF admitted a recession is on the cards.
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