Which sectors are expected to see the greatest growth in 2017? (infographic)
Posted: Wed Dec 18, 2024 3:23 am
The Spanish economy, despite having one of the highest unemployment rates in the Eurozone (second only to Greece), is maintaining a good growth rate, above the Eurozone , which is growing by around 1.7%. This growth is largely due to the internationalisation of Spanish companies and the growth of exports , which continue to increase month after month. According to the International Monetary Fund (IMF), the growth forecast for our country in 2017 has improved to 2.6% .
However, even though Spain is growing faster than economies such as Germany, France or Italy, the high unemployment rate weighs heavily on ours. With one of the highest unemployment rates in the Eurozone, second only to Greece, with 21.9% for this year and a forecast of 21% for next year , our country is far from the average of countries with the lowest unemployment (an average rate of 9.4%) and light years away from countries such as Germany (4.2%). In the case of the United Kingdom, growth of 2% is forecast for 2017, despite the Brexit victory , although in the medium term the prospects for continued growth have dropped, since an increase in barriers to immigration and international trade from this country is expected.
In any case, in a context in which unemployment (albeit slowly) is falling, and the economy maintains its growth, it is useful to know which sectors are expected to see the greatest growth, something that Sage explains to us in an infographic.
The real estate sector is set to be the fastest growing sector in 2017
Traditional sectors such as construction and tourism , as well as healthcare, transport and logistics, leisure and culture, and information and content, will once again create jobs in a big way in 2017.
It seems, then, that we are condemned to rely hotels and motels email list on brick and mortar to create jobs. However, although it seems very unlikely that we will suffer another real estate bubble , it does seem like a good idea to start taking positions in the sector, since 60% of real estate companies say they are prepared to increase hiring in 2017. In addition, the growth of the real estate sector drags along other sectors, such as the banking sector , since loans for home renovation, or for the purchase of household appliances or furniture are increasing.
According to the February 2017 real estate report published by Bankinter, the Spanish real estate market continues to be an attractive sector for investment, as residential demand is expected to grow to exceed the threshold of 500,000 homes throughout 2018 thanks to the economic expansion cycle , improved employment and low financing costs. The average price of housing will increase at rates close to +4%, driven by the shortage of supply and the rental boom in the most consolidated areas.
Car manufacturing continues to drive our country's economy. 2016 ended with 1.147 million cars sold , 10.9% more than the previous year. In tourism alone, the outlook for this year points to a 25% increase, so it is predicted that this segment will also boost the insurance, financing, administration and export segments.
Logistics is another sector that is expected to grow by 2.1% in Spain and Portugal, where companies such as MRW are planning a complete overhaul of systems and structures worth more than 60 million euros .
However, even though Spain is growing faster than economies such as Germany, France or Italy, the high unemployment rate weighs heavily on ours. With one of the highest unemployment rates in the Eurozone, second only to Greece, with 21.9% for this year and a forecast of 21% for next year , our country is far from the average of countries with the lowest unemployment (an average rate of 9.4%) and light years away from countries such as Germany (4.2%). In the case of the United Kingdom, growth of 2% is forecast for 2017, despite the Brexit victory , although in the medium term the prospects for continued growth have dropped, since an increase in barriers to immigration and international trade from this country is expected.
In any case, in a context in which unemployment (albeit slowly) is falling, and the economy maintains its growth, it is useful to know which sectors are expected to see the greatest growth, something that Sage explains to us in an infographic.
The real estate sector is set to be the fastest growing sector in 2017
Traditional sectors such as construction and tourism , as well as healthcare, transport and logistics, leisure and culture, and information and content, will once again create jobs in a big way in 2017.
It seems, then, that we are condemned to rely hotels and motels email list on brick and mortar to create jobs. However, although it seems very unlikely that we will suffer another real estate bubble , it does seem like a good idea to start taking positions in the sector, since 60% of real estate companies say they are prepared to increase hiring in 2017. In addition, the growth of the real estate sector drags along other sectors, such as the banking sector , since loans for home renovation, or for the purchase of household appliances or furniture are increasing.
According to the February 2017 real estate report published by Bankinter, the Spanish real estate market continues to be an attractive sector for investment, as residential demand is expected to grow to exceed the threshold of 500,000 homes throughout 2018 thanks to the economic expansion cycle , improved employment and low financing costs. The average price of housing will increase at rates close to +4%, driven by the shortage of supply and the rental boom in the most consolidated areas.
Car manufacturing continues to drive our country's economy. 2016 ended with 1.147 million cars sold , 10.9% more than the previous year. In tourism alone, the outlook for this year points to a 25% increase, so it is predicted that this segment will also boost the insurance, financing, administration and export segments.
Logistics is another sector that is expected to grow by 2.1% in Spain and Portugal, where companies such as MRW are planning a complete overhaul of systems and structures worth more than 60 million euros .