Spain is not Sweden, but it could have been

By Luis Arroyo, in Madrid | In this post of economistsview, by Economics professor Mark Thoma, there is a number of charts of several countries and their evolution post-financial crisis. The aim is to probe whether such crises leave temporary or permanent effects. Here I select the one about Spain, where we can see its GDP. In mid-1973, the first oil crisis came in and Spain’s GDP sort of missed its natural path, which never regained. Well, this is old news, many would say: during the…

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Spanish companies ready for the external demand pickup

By Carlos Díaz Guell, in Madrid | Activity levels had lately improved, in the private sector although productivity has since 2007 recorded a slowdown, as evidenced by lower growth in Gross Value Added (GVA) of companies, whose figures began to fall in that same year (6.6% versus 8% in 2006) and contracted in 2008 (-2.7%) to drop sharply in 2009 (-7.7%). In 2010 companies’ GVA recorded a recovery in produccion activity…