The Spanish economy will stay in the doldrums throughout 2012. This is one of the findings of the 2012 ESADE Economic Report, published recently by the business school's Economics Department. The annual study, which is produced by ESADE professors Fernando Ballabriga and Josep Comajuncosa, forecasts that Spain's economic stagnation will last until at least 2013. The report also looks at the situation in Europe, the likelihood of stagnation in the Euro Zone, and the prospects for steady growth in emerging economies.