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Spain: Weak Prospects for Growth

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Rubric: Europe: New Realities
DOI: 10.20542/0131-2227-2011-4-60-69

G. Ponedelko, Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO), 23, Profsoyuznaya Str., Moscow, 117997, Russian Federation (marta0505@mail.ru)

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Abstract

The current financial and economic crisis has become a complete perfect surprise for the citizens and the government in Spain. By the end of 2009 it became evident that the magnitude, depth and duration of the crisis phenomena occurring in the country are significantly greater than in other EU countries. In such circumstances the Spanish government launched a search for a new model of economic growth.


Keywords

financial crisis, unemployment, private consumption, budget deficit, public debt, Plan I, tax reform, modernization of economy, labor market reform, productivity


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For citation:
Ponedelko G. Spain: Weak Prospects for Growth. World Eсonomy and International Relations, 2011, No 4, pp. 60-69. https://doi.org/10.20542/0131-2227-2011-4-60-69

Contents World Eсonomy and International Relations. 2011, No 4

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