Consumption for personal use in Spain is projected to decline by 0.1% in the year 2012.

The global economy showed varying trends in private consumption in 2012, with some countries experiencing growth while others faced declines.

According to data released by the Institute of Economic Studies (IEE), private consumption across the Eurozone increased by 1.6% in 2011. However, most countries within the zone are expected to register an increase of only 1.5% in 2012. Germany and France will have a private consumption growth of 0.7%, while Italy will see an increase of 0.2%.

Unfortunately, Spain will be at the bottom of the increase in private consumption in the Eurozone in 2012. The Organisation for Economic Co-operation and Development (OECD) predicts a 0.1% decline in private consumption in the Spanish market, and the IEE did not provide specific predictions for the private consumption decline in Spain. This weak growth is attributed to Spain's structural economic weaknesses and slow recovery from its economic crisis, as well as high unemployment and fiscal constraints that limit consumer spending.

On the other hand, Greece will experience a 5.2% decline in private consumption in 2012, following a stagnation in consumption recorded in 2011. Portugal will also have a 5.5% decline in private consumption in the same year.

Outside the Eurozone, the United States will have a private consumption increase of 2.2% in 2012. Estonia, Australia, Mexico, and Iceland will have private consumption increases exceeding 3% in 2012, with Estonia leading the pack.

Chile will lead the OECD with a 6.4% increase in private consumption in 2012. The OECD has not predicted any recovery in private consumption growth for Spain in 2012. Spain will have the lowest increase in private consumption among Eurozone countries in 2012, with an average rise of 0.1%.

These trends highlight the diverse economic landscapes across the globe, with some countries experiencing growth while others face challenges. As we move forward, it will be interesting to see how these trends evolve and how they impact the global economy.

Consumption for personal use in Spain is projected to decline by 0.1% in the year 2012.