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The relatively recent past, several decades and last two centuries, is also a reasonable guide.
France, in the past and potentially going forward, seems to have the best social organization among the three. Hence, as Pueblofuerte puts it, if it gets its act together, it should probably continue to be among the top two countries in continental Europe and among the top five or six globally. If not, it could, and will, slip further into mediocrity. But most people prefer that, by definition.
Italy has been on the decline since the late 1980s/early 1990s, the society has done nothing worth mentioning to reverse it, maybe they've slowed it a bit, but even that has failed miserably since 2011, and the future is not promising from any perspective. There might still be pockets of relative economic opportunity in cities like Milan.
Spain, since the 1980s, has been the most dynamic compared to the other two, but, as you know, it hit a wall starting in 2007-08, as did the entire global economy in general, and it has been wobbling ever since. Again, there are probably still pockets of relative economic opportunity in Madrid, Barcelona and maybe a few other places.
If I had to choose one as a young person and economic opportunity were the main criterion, then I would choose France first, followed by Spain, then Italy trailing in the distance and falling furhter behind.
Good Luck!
brexit is a major blow to spain , its hard to stress how important to the spanish economy british people were , prior to brexit , i would have without question said spain had the brightest outlook of the three
Last edited by irish_bob; 02-20-2017 at 02:39 PM..
The Brexit has harmed all of Europe but mainly to UK as all Experts Economic, they think this .-
From UK Spain receives millions of tourists but in Spain today there are many tourists and every year
more (75,6 millions in 2016).- The Brexit It will not be, big problem, for Spain.-
The that I think would be a real disaster for Spain and Europe would be that Le Pen can win in France and she destroy the UE.-
France is our main buyer .but the worst is that spain would lose that brake the U E ,to the regional and Politic desintegrating tendencies historical of Spain -
brexit is a major blow to spain , its hard to stress how important to the spanish economy british people were , prior to brexit , i would have without question said spain had the brightest outlook of the three
Out of curiosity, what makes you think Spain's economy is so dependent on "the british people"?
The gap between Spain and Italy is very small. It's not really noticeable. GDP figures are somewhat questionable. But at least for comparing Eurozone countries or countries within the EU in my experience quite meaningful. GDP per capita in Spain is about 15% lower than in the UK or in France. Calling this "very poor" is absurd in my opinion.
Unemployment in Spain is still very high, but it's falling rapidly. Economic growth in Spain is very strong. And more importantly, Spain is a very beautiful country, very safe and has a high quality of life.
Yeah Spain is a fantastic country with a fantastic lifestyle. Even though they led the EU in GDP growth last year and predicted to do so again this year, they still need to improve the job opportunities for their youth.
France has many issues but still has the strongest industries and economy of the 3 so hard to argue that France won't continue doing so. Spain has reformed and recovered from the GFC I think stronger than Italy but Italy still has stronger companies and industries so tough call between these two.
I own an apartment in Spain and prefer spending time in Spain over Italy or France plus it's cheaper so I think Spain's future is bright.
I Insist on of Victor s question because you think that the Spanish Economy depends so much on the UK.-
It is easy for people to think that tourism is an engine of an economy because it is readily visible and makes facile headlines. But outside of a few Caribbean and similar islands, it never stands up to scrutiny, not for Spain, not for Greece, not for Florida, etc..
Spain, probably more so than Italy on a proportional basis, has its fair share of globally competitive industrial companies, from construction to telecommunications to renewable energy, but it takes effort to do the research and gain the knowledge necessary to appreciate that, not plain eyesight and reading facile headlines in dubious media.
Maybe irishbob was referring to UK citizens' purchase of residential real estate in Spain, but again, like tourism, residential real estate is readily visible and makes facile headlines, but is not an engine of a complex economy, in fact excess focus on that sector, as well as tourism, usually leads to weakness, as we experienced a decade ago and still suffer the consequences of.
Spain with your gigantic hotel industry only contributes to the National income el 12%.-
The 88% OF R.National comes from the Industry and farming .-
Mallorca has much more investment touristic Germany , that investment of U K .-
And the Balearic Islands has a magnificent industry of the footwear and skin of the best of Europe.-
12 % is a lot for a developped country like Spain. In France where the tourism lives dark days, we feel the waves of terrorist attacks even if touristic sector represent around 7% of the gdp (2015) and that's already a lot too...
Germans are the largest foreign investors, largest foreign property owners and largest foreign visitors in Majorca, and by a large margin. In any case the island would be a German Lander.
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