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Spain, one of the most attractive destinations for investment according to Morgan Stanley
Morgan Stanley analysts pointed Spain and Switzerland as the two most attractive destinations for investment in Europe. Experts of this U.S. bank highlighted the progress made by the Spanish economy, which gets the second highest rating among the 16 countries surveyed. Spain has been upgraded on economy rankings to the second position–only behind Switzerland–, its best marks since the third quarter of 2009.
Morgan Stanley explained that its “strategy advisers have highlighted Spain as one of the potential surprises in 2013, along other peripheral euro country members”, thus obtaining a better result than their partners in Central and Northern Europe. In this respect, Morgan Stanley analysts believe that the relaxation of the risk premium of peripheral debt and the shortened distance between European countries GDP (Gross Domestic Product) growth contributes to a less negative perception for the countries of the periphery.