Has Marbella entered a new growth cycle?
Tuesday, April 15th, 2014
Originally published in Essential Magazine
Marbella has been through many economic cycles, most recently a pretty intense recession. The question now is, are the encouraging signs we see about us evidence of a new growth cycle or simply a temporary easing?
When attempting to answer such questions one must always qualify answers with the incantation Ceteris Paribus (all things being equal). In other words, any conclusion reached is naturally subject to us not knowing what might happen next in economic or political terms. Events in the Ukraine indicate as much, and in an increasingly globalised world it needn’t happen on our doorstep to have an effect on us. (more…)
