Report|9 Apr 2026

Macro Pulse EU: Spain—A European Bright Spot With Record Employment

Record employment and low unemployment are helping Spain stand out against a more challenging European backdrop, with supportive implications for macro stability and credit.

In the latest Credit Compass podcast, KBRA’s European Macro Strategist Gordon Kerr discusses Spain’s strong labour market and what it signals about the country’s economic momentum relative to the rest of Europe. Hear his perspective on Spain’s record employment, improving resilience, and the broader European context. Listen to Gordon’s insights on: Apple | Spotify | YouTube or visit kbra.com/macrocredit.

Spain remains a relative bright spot within Europe, with…

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