Well, that didn’t last long, now did it. Two consecutive quarters of minimal GDP growth seem to have exhausted the forces of a more than fragile Spanish economy. All the post-June data we are seeing suggests the economy has now turned the corner (in the bad sense), and we should expect a negative...
Posted to
Economics
on 09-03-2010
Filed under: A Fistful Of Euros, Economics: Country briefings
The modern world moves at a breathtaking pace, even when most of us find ourselves on holiday. No sooner do we receive, read and start to digest one set of economic data than we find ourselves pushed to think about what the next set will look like. The clearest recent illustration of this undoubted reality...
Posted to
Economics
on 09-01-2010
Filed under: A Fistful Of Euros, Economics: Country briefings, Economics: Currencies
Spain’s EU harmonised seasonally-adjusted unemployment rate (which is the interesting number) went up again in July, according to the latest data from Eurostat. It rose to 20.3% from 20.2% in June. So despite a double digit fiscal deficit, Spain has not yet succeeded in putting a brake on the upward...
Posted to
Economics
on 08-31-2010
Filed under: A Fistful Of Euros, Economics: Country briefings
The current generation of policymakers seem to be like Captains of large ocean liners, out there on the high seas, bereft of either compass or adequate charts, trying hard to calm there worried passengers by telling them nothing is amiss. But the charts are there, if only they would look at them, and...
Posted to
Economics
on 08-31-2010
Filed under: A Fistful Of Euros, Economics and demography, Economics: Country briefings