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New report highlights local business failures in Spain

 A new report by the OECD has found that nearly four times as many companies with 250 or fewer employees went under in 2015 as did in 2007.

Business creation is also far from pre-crisis levels. In Spain, Italy, Belgium, Germany and the United States this creation is somewhere between a fifth and a third of what it used to be in 2007.

The survey, which was conducted among companies with a Facebook account, also found that nearly half of companies with 50 or more employees and between 10% and 20% of companies in G7 countries are planning to increase jobs in the coming six months.

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