rss
email
twitter
facebook
Showing posts with label crisis. Show all posts
Showing posts with label crisis. Show all posts

June 02, 2010

Odious Comparisons I - The exact end of economic crisis in Spain

The current economic crisis greatly concerns the most of us. That's why it seems that every day signs of recovery are searched for, no matter where, as if we expected the desired discharge from a nasty disease.

The root causes and its consequences are no doubt complex, making it very difficult for us to know what measures will relieve us from it, and if they do, when  will that happen. Nevertheless, the urgency is great, and this urgency forces us to seek signs of change under the stones.

Exciting data emerged a few days ago in Spain, which were given considerable publicity, namely that the Spanish GDP quarterly change had become positive (one quarter GDP had grown compared to the previous quarter by an estimated 0.1%, instead of decreasing). With this in mind, we could claim being technically out of recession (a period in which economic activity declines in a country).



 
Licencia de Creative Commons
Phototraps by Iván Cosos J.N.S.P.S. is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License.