How Spain defeated economy crisis?

in #spain5 years ago

With a 3.2% increase in 2015, the Spanish GDP growth was the highest among larger EU economies. The Spanish economy remained the best-performing major economy in the Euro zone also in 2017, thanks to below items:

  • increasing ease of doing business
    Spain did a large variety of efforts to ease the starting and running a business processes after the economy crisis hit the country
  • Tourism
    Spain seeds third most visited country in the world during all these years, after France snd US. hosting more than 75 million people annually.
  • Agriculture
    Spain produces vegetables and nuts and fruits as one of the biggest exporters in the world, reaching 30 Billion USD in 2017
  • Industries

obviously Spain still faces threats and weaknesses in its economy, mainly:

  • High levels of private and public debt
  • Duality of labour market
  • high level of structural unemployment
  • unity of the country threatened by separatist movement in Catalonia
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hello; good to read this. however, when I see the title first, I was expecting to read some details regarding the strategic direction used by Spain government to escape from economic Recession. please let me read some more on your next post. Have a nice weekend.

thank you for reading, I will try to post detailed info in another post. 🙇‍♂️🍀

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