Pension scheme boost Positive outlook

THE Bank of Spain has raised its economic growth forecast for 2023 to 2.3% from 1.6% in March as activity picked up more than expected at the start of the year, with energy costs easing and employment rising. The country’s GDP has also been boosted in recent months with record numbers of foreign visitors pumping money into the economy.

The Bank says that GDP will rise by 2.2% and 2.1% respectively in 2024 and 2025.

Breakdown Kit

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To help you stay safe here is a checklist of some important safety items in the event of a breakdown.

This emergency breakdown kit should be kept in your vehicle at all times. The kit includes: a torch and spare batteries, warm clothes and blankets, high-visibility jacket, first aid kit, jump start cables, empty fuel can, food and drink, two reflective warning signs, a road atlas, and a mobile phone charger.

Over 20 Years Of Expertise

As Spain’s most experienced provider of insurance for British expatriates, Línea Directa has been keeping motorists on the move for over 20 years.

We hope the information provided in this article is of interest.

If you would like to contact Línea Directa please call 952 147 834.

More information about Línea Directa online at www.lineadirecta.com

We hope the information provided in this article is of interest. If you would like to contact Linea Directa please call 952 147 834. More information about Linea Directa online at www.lineadirecta.com

THE volume of assets in the individual pension system in Spain increased by €365m to €83.1bn in May 2023, according to data from Inverco.

The company noted that the positive returns experienced during the month drove the rise in individual pension assets.

This is the third month in a row that individual pension assets have increased in Spain, rising from €82bn to €83.1bn between the end of February and the end of May.