Spain’s striking export success has enabled the economy to emerge from recession and helped to turn around the current account balance. Structural adjustment is shifting the engine of the economy from domestic sources of growth into an export-led model.

http://www.realinstitutoelcano.org/wps/portal/rielcano_eng/Content?WCM_GLOBAL_CONTEXT=/elcano/Elcano_in/Zonas_in/ARI47-2013-Chislett-Spain-exports-economy-salvation