Spain's economy grows three times as fast as the UK. 
"The Spanish government has raised its forecasts for economic growth this year and now expects the economy to grow by at least 3% in 2017"
Where are all the EU doomsters?
source: https://www.nytimes.com/2017/07/28/b...mployment.html
"The Spanish government has raised its forecasts for economic growth this year and now expects the economy to grow by at least 3% in 2017"
Where are all the EU doomsters?
After nearly a decade of economic crisis, Spain is finally growing again, underscoring hopes that the eurozone has reached a healthier place.
By PETER S. GOODMANJULY 28, 2017
Patrons at a bar in Barcelona, a city where young professionals have arrived from around the world.
MARTORELL, Spain — Inside a factory as cavernous as an airport terminal, half-built cars glide down the assembly line in a parade that never ends. Workers in coveralls sidle up on queue, attending to the meticulously timed tasks of turning steel into road-ready sedans.
The bustling activity at the SEAT auto factory in this industrial town just west of Barcelona attests to the new reality coloring life in Spain. The economy is growing again, expanding at around 3 percent pace over the last year, producing goods for export, generating jobs and restoring a sense of normalcy to a nation that has been saturated in despair.
This is good news not merely for Spain, but for Europe and the rest of the global economy.
Workers on the line at the SEAT auto factory.
For most of the last decade, Spain has suffered as an extreme example of the economic carnage that has assailed the 19 nations sharing the common European currency. Its astonishing levels of unemployment, which peaked at 26 percent, stood as a prominent marker of the desperation inflicted by the implosion of its real estate investment bubble, combined with the global financial crisis.
Now, Spain’s economy has returned to its pre-crisis size, according to data released by the government on Friday. This seemingly puts the finish to one of the worst economic catastrophes to play out in Europe in the years since World War II. It suggests that the continent, still grappling with formidable, even existential challenges, has finally achieved recovery.
The sense of revival is palpable along the Barcelona waterfront, where stevedores work the arms of giant cranes hoisting containers full of factory wares onto giant vessels bound for points across Europe and Asia. It infuses a crop of start-up companies filling up the forlorn office spaces in major Spanish cities, where the cost of living looks more reasonable than London or Paris. It permeates even the vineyards, where a crop of young entrepreneurs is capturing spoils by reimagining family businesses, exporting classic wines in new bottles.
By PETER S. GOODMANJULY 28, 2017
Patrons at a bar in Barcelona, a city where young professionals have arrived from around the world.
MARTORELL, Spain — Inside a factory as cavernous as an airport terminal, half-built cars glide down the assembly line in a parade that never ends. Workers in coveralls sidle up on queue, attending to the meticulously timed tasks of turning steel into road-ready sedans.
The bustling activity at the SEAT auto factory in this industrial town just west of Barcelona attests to the new reality coloring life in Spain. The economy is growing again, expanding at around 3 percent pace over the last year, producing goods for export, generating jobs and restoring a sense of normalcy to a nation that has been saturated in despair.
This is good news not merely for Spain, but for Europe and the rest of the global economy.
Workers on the line at the SEAT auto factory.
For most of the last decade, Spain has suffered as an extreme example of the economic carnage that has assailed the 19 nations sharing the common European currency. Its astonishing levels of unemployment, which peaked at 26 percent, stood as a prominent marker of the desperation inflicted by the implosion of its real estate investment bubble, combined with the global financial crisis.
Now, Spain’s economy has returned to its pre-crisis size, according to data released by the government on Friday. This seemingly puts the finish to one of the worst economic catastrophes to play out in Europe in the years since World War II. It suggests that the continent, still grappling with formidable, even existential challenges, has finally achieved recovery.
The sense of revival is palpable along the Barcelona waterfront, where stevedores work the arms of giant cranes hoisting containers full of factory wares onto giant vessels bound for points across Europe and Asia. It infuses a crop of start-up companies filling up the forlorn office spaces in major Spanish cities, where the cost of living looks more reasonable than London or Paris. It permeates even the vineyards, where a crop of young entrepreneurs is capturing spoils by reimagining family businesses, exporting classic wines in new bottles.
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