Situation is not that good.

Most Spanish workers are poorer each year. As prices rise and housing has become unsustainable. Public healthcare is worse each year. Public education is hell.

It’s artificial growth. Numbers go up, but actual standards of living go down.

Expect current government to be kicked out in next election, because most people who voted for them is wildly disappointed. They forgot who they actually had to help.

This is commendable, but there are some interesting take aways from the article:

That modernisation process is being aided by post-pandemic recovery funds from the EU’s Next Generation programme. Spain is due to receive up to €163bn by 2026 ($169bn; £136bn), making it the biggest recipient of these funds alongside Italy.

At the height of the European energy crisis, Spain and Portugal also negotiated with Brussels a so-called “Iberian exception”, allowing them to cap the price of gas used to generate electricity in order to reduce consumers’ bills

The heavy reliance on tourism - and a growing backlash against the industry by local people - is one concern.

Another is Spain’s vast public debt, which is higher , external than the country’s annual economic output.

With an uncertain and deeply polarised political landscape, it is difficult for Sánchez’s minority government to tackle such problems. But, while it attempts to resolve these conundrums, Spain is enjoying its status as the motor of European growth.

Sounds like reasons for the economic stability are partially artificial and may not be long lasting.

So public spending, protection of low incomes against price shocks, investment in green transition, in particular public transport instead of cars and welcoming immigration to counterbalance the ageing population…

Meanwhile Germany is doing the opposite in many if these fields and any likely next government will double down on doing the opposite in all those fields…

This is exactly what was in the headlines moments before 2008. Just saying.