Spain capital

Spanish capital flight is now worse than the Asian financial crisis

On a rolling three-month basis, portfolio and investment outflows from Spain totaled 52.3% of the country’s gross domestic product (GDP), more than double Indonesia’s outflows, which reached 23 % of GDP at the time of the Asian crisis. crisis, Jens Nordvig, global head of G10 FX strategy at Nomura, wrote in a note to clients […]