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Old 08-02-2017, 01:55 PM
 
15,515 posts, read 15,513,897 times
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Spain’s Long Economic Nightmare Is Finally Over
After nearly a decade of economic crisis, Spain is finally growing again


By Peter S. Goodman

https://www.nytimes.com/2017/07/28/b...mployment.html
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Old 08-03-2017, 04:00 AM
 
602 posts, read 492,594 times
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Thumbs up, Spain.
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Old 08-03-2017, 06:37 AM
 
7,868 posts, read 10,249,616 times
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spain has been doing well for well over a year now
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Old 08-03-2017, 11:19 AM
 
Location: Finland
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Quote:
Originally Posted by irish_bob View Post
spain has been doing well for well over a year now
Actually, almost three years.
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Old 08-03-2017, 11:28 AM
 
Location: Near Luxembourg
1,892 posts, read 1,671,179 times
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Originally Posted by Ariete View Post
Actually, almost three years.
Isn't more due to the fact that Spain has finally reached its pre-crisis GDP ? Because yes, it's been 2/3 years they are dynamic.
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Old 08-03-2017, 11:31 AM
 
Location: Taipei
8,857 posts, read 8,376,743 times
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Maybe I'm just more cynical. I don't see how having an unemployment rate of close to 20%, a youth unemployment rate of close to 40%, plenty of part-time contracts, and a net salary of something like 1500 could be called "doing well" by any stretch of imagination. That sounds tragic.
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Old 08-03-2017, 12:10 PM
 
Location: Finland
24,144 posts, read 24,708,775 times
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Quote:
Originally Posted by Greysholic View Post
Maybe I'm just more cynical. I don't see how having an unemployment rate of close to 20%, a youth unemployment rate of close to 40%, plenty of part-time contracts, and a net salary of something like 1500 could be called "doing well" by any stretch of imagination. That sounds tragic.
Without this growth the unemployment rate would never drop. This is a good start at least.
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Old 08-03-2017, 12:49 PM
 
6,112 posts, read 3,905,945 times
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Positive news, but there's still a long way to go.
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Old 08-03-2017, 02:47 PM
 
278 posts, read 228,690 times
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By an error I replied to this thread in the Gibraltar thread,.-

I tried there to explain the Economic Crisis of Spain and its current situation as well as because the statistics of unemploymente do not tell the reality.-
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Old 08-05-2017, 10:05 PM
 
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The GDP of Spain has been growing in the past 4 years. Now they achieved their biggest GDP in their history, surpassing the 2008 one before the crisis. Not sure about those 10 years as the crisis started in 2008 and the recession ended in 2013?

Quote:
Originally Posted by Greysholic View Post
Maybe I'm just more cynical. I don't see how having an unemployment rate of close to 20%, a youth unemployment rate of close to 40%, plenty of part-time contracts, and a net salary of something like 1500 could be called "doing well" by any stretch of imagination. That sounds tragic.
That's some big bs/hatred spell right there. That "1500 net wage" surpasses the vast majority of Europe and 96-97% of the nations of the world. Yes, how tragic.

A country which 50 years ago was poor and hit by a fascist dictatorship and nowadays is amongst the richest nations on the earth (13th one) as well as one in the top 10 in life quality index or 2nd in life expectancy... you're right man, that's tragic!

As well as 3 years ago the unemployment rate was 10% higher. That's an unemployment decrease of 10% in just 3 years. But yes you're right, it's far from being called doing well. huh yes and the actual unemployment rate is of 16.8%, not sure how that is almost 20% as you say it & the youth unemployment in Spain has never been under 25% as well as the unemployment rate has never been under 10% since the statistics started to work (80s) and the youth unemployment is like -15% lower than 3 years ago. But sure, Spain is going tragic and downwards without brakes true true, that 2nd economy in growth in the Eurozone fact since 2016 it's a big lie I guess, those EUROSTAT guys, they're some funny lads!
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