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Home Publications Blogs Beat the Press The Economic Recovery in Spain Should Push Unemployment Below 10 Percent by 2030

The Economic Recovery in Spain Should Push Unemployment Below 10 Percent by 2030

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Thursday, 29 May 2014 04:17

A New York Times article on the success of Podemos, a new anti-austerity political party in Spain, referred to the "hints of recovery" in Spain. In the last year, the unemployment rate in Spain has fallen by 1.0 percentage point to its current level of 25.3 percent. At this pace of recovery, the unemployment rate in Spain should fall below 10.0 percent just before 2030.

Comments (3)Add Comment
And I'm glad to be an American...
written by Tyler, May 29, 2014 7:27
...where at least I'm not in Spain.
How do bureaucrats at the ECB
written by Floccina, May 29, 2014 3:48
How do bureaucrats at the ECB continue to get this so wrong?
...
written by Larry Signor, May 29, 2014 8:15
Dean, with current ECB policy, I think you are too optimistic. With current deflationary pressures there is no reason to posit a continuous %1 YoY decline in unemployment.

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.

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