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economic recovery

November 14, 2014

Large family businesses are in decline in Spain, but their ability to innovate has renewed interest in the sector. 

Family businesses make a sizeable contribution to the Spanish economy, which, following the 2008 financial crisis, is still struggling with high debt and a falling population. Among the most publicised family firms are El Corte Inglés, Europe’s biggest department store, and Santander, the largest bank on the Continent, which together generate 2.6% of the country’s GDP.

May 17, 2011

Family businesses in the US will make a significant contribution to the country’s economic recovery, according to the latest survey by Family Enterprise USA.

Family businesses in the US will make a significant contribution to the country’s economic recovery, according to the latest survey by Family Enterprise USA.

The survey, which questioned around 190 family businesses in the US, revealed that companies plan to add employees or retain their current staff numbers despite an overall sluggish recovery.

According to the survey, 52% of respondents will add more staff while 42% of businesses intend to maintain their workforce over the next 12 months.

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