in [Washington .
Written in English
|Statement||[by] Rodney H. Mills, Jr.|
|Series||Board of Governors of the Federal Reserve System. Staff economic studies, 14, Staff economic studies ;, 14.|
|LC Classifications||HC385 .M59|
|The Physical Object|
|Number of Pages||22|
|LC Control Number||68060706|
Title: The Spanish "Miracle": Growth and Change in the Spanish Economy, Author: Rodney H. Mills, Jr. Created Date: 7/26/ AM. No abstract is available for this item. Rodney H. Mills, "The Spanish "miracle": growth and change in the Spanish economy, to mid," Staff Stud Board of Governors of the Federal Reserve System (U.S.).Handle: RePEc:fip:fedgss The Spanish Economy, – Authors; Alison Wright; Book. 18 Citations; 1 Mentions; 19 Downloads; Log in to check access. About this book. Keywords. finance growth labour methods Monopol production productivity. Bibliographic information. DOI https. The Spanish miracle (Spanish: El Milagro español, literally "The Spanish Miracle") was the name given to a broadly based economic boom in Spain from to It was brought to an end by the international oil and stagflation crises of the s.
Abstract. The expansive phase experienced by the Spanish economy had long been praised, described in the early s as an ‘economic miracle’. However, the crisis that struck in the late s would become the deepest that the country had endured since at least the s, leading to the general conclusion that its prior success had been a mirage rather than miracle. The expansive phase experienced by the Spanish economy had long been praised, described in the early s as an ‘economic miracle’. However, the crisis that struck in the late s would. THE SPANISH MIRACLE • Between and , Spain found its economy booming. Spain’s growth became the second highest in the world (after Japan) and its overall economy was the ninth largest in the world. • This saw developments like the SEAT and La Torre de Madrid. The y/y change of the IPI stood at % in SA terms and at % in the original series. IHS Markit Services PMI. June (J ) Spanish service sector returns to growth in June. The headline seasonally adjusted Business Activity Index moved back above the no-change mark in June, posting , up sharply from May’s
Spanish workers were allowed to work in Germany and other western European countries and the pay they sent home was an important benefit for the Spanish economy. The surge in petroleum prices that the Organization of Petroleum Exporting Countries (OPEC) instigated in the early 's and the one that followed the revolution in Iran in In the last twenty years Spain has experienced a period of rapid growth followed by a very deep crisis. Until , it was named ‘the Spanish economic miracle’ and now it is the country with the highest unemployment rate in the EU amongst many other very serious troubles. The present economic crisis has brought severe problems to the. Book Description The so-called ‘Spanish miracle’, beginning in the mids, eventually became a nightmare for the majority of the population, culminating in the present-day economic and political crisis. This book explores the main features of the Spanish political-economic model during both the growth and crisis periods. Between and , Spain experienced a second economic miracle as GDP grew by +% on average p.a. But our forecasts point to a deceleration to +2% growth in , and +% in as Prime Minister Pedro Sánchez's large increase in the minimum wage barely compensates for the slowdown in foreign demand (and consequently export growth) and the deceleration of domestic .