Spanish govt feels heat as recovery lags

Raising standards: Office workers pass the entrance to the Torre Europa building in the financial district of Madrid. There are calls for structural reforms to lower taxes and make the labour market more flexible in Spain. ― Bloomberg

Madrid: Spain’s leftist prime minister Pedro Sanchez started the year with a bullish economic outlook. Months later, he faces protests, strikes and an emboldened opposition as the recovery from the pandemic slump trails other European nations.

Gone is the optimism shown earlier this year when Sanchez forecast a strong comeback in 2021 for the eurozone’s fourth-largest economy.