Spain: over 57% of Spaniards struggle to get to end of month

03 February, 18:42

(ANSAmed) - MADRID, FEBRUARY 3 - Confidence in the economy among Spaniards continues to nosedive, falling by 2.7 points to 68.3 in January compared to the previous month, some way beneath the 100-point mark that indicates a positive perception of the economic situation, according to figures released today by Spain's national institute of statistics. Prospects are especially negative regarding the domestic economy, with 57.6% of Spaniards saying that they struggle to get to the end of the month or have to eat to eat in to their savings, while a further 6.3% have been forced to run up debts to cover their monthly needs.

Prospects for the future are no more promising, with 70% of those interviewed saying that the economic situation will be similar or worse in the next six months. The increase in prices, the freeze on wages and the continuing escalation of unemployment are the main reasons for pessimism. (ANSAmed).

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