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5,639,500 Unemployed in Spain
Unemlpoyment in Spain has risen by 365,900 in the first trimester, reaching a total of 5,639,500. The unemployment rate in Spain now stands at 24.44% according to the latest figures revelaed Friday by National Institute of Statistics. The number of...
While Spain’s Economic Bubble Bursts, Politicians Dedicate Time to Chewing Gum Law
How do we solve the problem of sticky chewing? This is one of the most pressing issues Spain’s economy faces and one which Spanish PM Rodriguez Zapatero and colleagues decided to put on today’s political agenda. While North Korea and South...
Spanish Hoteliers Request a Reduction in VAT
The President of the Spanish Confederation of Hotels and Tourist Accommodation (CEHAT), Joan Molas, insisted on his petition to have the sector’s VAT reduced as well as on measures to reactivate the sector which is forecast to grow by 2% by the...
Spanish Government Notorious for Dodgy Bookkeeping
If you are confused over Spain’s economic prospects you are in good company. Across all economies experts send out mixed signals. This is because they can only work with conflicting analysis based on unreliable information supplied by government offices...
Spanish Property Prices Need to Drop 27%, says Banif
The private banking arm of of Santander, Banif has suggested that Spanish property prices have still not dropped enough. Property prices need to fall by an additional 27% in order for the oversupply to be absorbed and in order to reactivate the property...
Its Official: The Spanish Economy has Stagnated
Latest offial figures released today by the National Institute of Statistics (INE) have confirmed that the Spanish economy stagnated on a quarterly basis between July and September. However, according to the data released today, Spanish GDP continued...
Unemployment in Spain Soars by 61,000 in August
Unemployment figures in Spain have seen a rise of 61,083 in August, the first increase in four months according to a report released Thursday by the Labour Ministry. The 61,083 new unemployed or 1.56 per cent increase brings the total number of unemployed to...
BBVA Warns of Economic Uncertainty in Spain
BBVA Research warned Monday about the economic uncertainty which would continue in the second half of this year, despite slight increases in GDP during the first two quarters. The warning comes as a result of the negative effects that the VAT increase...
Fragile Rebound in Spain, Warns IMF
The IMF warned on Friday of a fragile economic recovery with an expected growth forecast for 2011 lowered to 0.6 per cent from a 0.9 per cent forecast made in April. The report from the IMF stated that “The particular challenges facing Spain will...
