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Maybe it's my impression, but Madrid seems growing in stature - population, development.etc, so I'm curious if that's the case and if it is really doing so well or if my perception off. If so, how is it managing to do so well when Spain seems in trouble economically?
Ha, perhaps the crisis forces dynamic, creative people to move to Madrid from other regions even more tham before, which gives Madrid an additional boost...
Madrid is also affected by crisis, it is the area who receives less money from Government (in comparison with what they give of course, not in numbers)
But as a big city there are more opportunities than in small places, tourism is still high, more job opportunities etc. Not sure about the real reason honestly, it has become much more expensive than some years ago as well.
Other areas that were doing well like Catalonia or Valencia where hit harder by the crisis than Madrid, which made Madrid more prominent by comparison. The Basque Country or Navarre also did relatively well.
For the same reason Paris has a skyline studded with cranes, despite the French economy being lackluster at this moment, or for the same reason London didn't experience a recession at all and is actually better off now than before the crisis began.
For the same reason Paris has a skyline studded with cranes, despite the French economy being lackluster at this moment, or for the same reason London didn't experience a recession at all and is actually better off now than before the crisis began.
They're capital cities - they're the largest cities - centre of domestic and foreign investment - more employment opportunities, more skilled population, higher wages etc.
The same reason like Washington, DC. When everywhere else sucks, the seat of national government always seems to do better than the rest. It's where all the tax money flows in. In Spain's case, Madrid was never a city that built itself on tourism and housing construction, unlike Valencia or Málaga. But, Spain's economy is still very sluggish, and Madrid does not have Spain's lowest unemployment rate, so it is only your perception because the data does not much your impression
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