recession
December 15th, 2009
Prices rose a half point in November and confirm the emergence of signs of recovery after eight consecutive months of decline that has placed Spain in a period of recession. This finding was confirmed by the National Statistics Institute (INE) and gives the cumulative inflation from January at 0.8% and ...
Continue reading Real Signs of Recovery from Recession in Spain
January 4th, 2010
The American newspaper The New York Times has commented on today's "problematic" increasing rate of youth unemployment in Spain, which has reached 42.9% in the age group between 16 and 24 years. Specifically, one of the most worrying
Continue reading Few Opportunities For Young Spanish Workers
January 8th, 2010
Gross Domestic Product (GDP) in the euro zone rose by 0.4% in the third quarter of 2009 compared to a decrease of 0.1% (revised figure) in the second quarter, this is according to the second revision of data released today by Eurostat and confirms
Continue reading EU Recession Over but Spain and UK Struggle
January 27th, 2010
The chairman of BBVA, Francisco González, said today that the Spanish economy is already growing in comparison with the last quarter of 2009, which means that Spain is soon to emerge from recession after six consecutive quarters where there has been a decrease in
Continue reading Chairman Of BBVA: “The Spanish Economy Is Growing”
February 5th, 2010
According to the latest issue of the Economist in the UK, the economic downturn has been "more effective" than the police in "halting" the influx of immigrants to Spain. According to the magazine, the recession "is testing Spanish tolerance towards high levels of immigration" and quoted
Continue reading Immigrants Wary Of Economic Conditions
February 10th, 2010
The Minister of Culture, Ángeles González-Sinde, said today that the publication of books in electronic form increased by 35% in Spain last year and that 2009 was a year in which 375 million traditional paper based books
Continue reading Spain: “Reading More Books Than Ever”
April 12th, 2010
The number of people in Spain classed as "wealthy", termed as those with available assets, not including housing, of more than a million dollars (about 745,000 euros), fell by 18% last year and now consists of approximately 97,000 people. These figures are taken from 'The Wealth Report 2010',
Continue reading Economic Problems Cause Spanish Wealth Decline
May 7th, 2010
According to estimates by the Bank of Spain, in its economic bulletin published today, the Spanish economy has technically come out of recession in the first quarter of 2010, after growing by 0.1% over the previous quarter, although GDP continues to fall on-year by 1.3%. With this slight growth, the Spanish ...
Continue reading Spain Leaves Recession
August 3rd, 2010
The number of people unemployed in Spain fell for the fourth month in a row in July, thanks primarily to the growth in the service and tourism industry, as they take on new staff for the summer, the government said today. At the end of July there were 3.9 million registered ...
Continue reading Unemployment Falls in Spain for 4th Consecutive Month
August 31st, 2010
Spain's budget deficit narrowed 48% year-on-year in the first seven months of the year after the government's austerity measures started working. According to a statement released by the Economy Ministry, the deficit totaled € 25.77 billion, or 2.44% of the country's gross
Continue reading Budget Deficit in Spain Drops by 48%
