60926
Spain’s Public Debt at 99%
World Economy

Spain’s Public Debt at 99%

Spanish public debt stood at 99.26% of gross domestic product at the end of 2016 according to provisional data, a treasury source said, Reuters reported. That compared to 99.77% of GDP at the end of 2015 and government targets of 99.4% for 2016 and 99% for this year. The Bank of Spain said in December the debt-to-GDP ratio stood at 100.3% at the end of the third quarter. Spain is slowly recovering from the throes of the global financial crisis, but Spaniards still have painful memories of that time. “We were walking in the street and the shops were closed and with a tag saying ‘rent’, but no one was buying anything.” Although that’s not the case anymore, there are still some problems that have persisted since then—including high unemployment.  “It’s still tough for young people—most with temporary jobs in the service sector such as waiters or hotel workers—so life is still pretty hard for them.”

 

Short URL : https://goo.gl/ddmfnW
  1. https://goo.gl/gjSwhx
  • https://goo.gl/8REJez
  • https://goo.gl/CAQKcZ
  • https://goo.gl/b0jFBP
  • https://goo.gl/fc5d99

You can also read ...

An expanding trade war threatens to squeeze incomes.
The untold story of the world economy—so far at least—is the...
Uncertainty abounds in Malaysia, where a two-month-old government is only starting to give  a clearer picture of economic policy.
For Southeast Asia's biggest economies, 2018 wasn't supposed...
PwC Says Australian Firms Deliberately Going Broke
Companies that deliberately fail are costing the Australian...
Russia has been seeking ways of decreasing dependence  on the US currency.
One of Russia’s largest banks, VTB is seeking to decrease the...
Asian Stocks Retreat, European Shares Mixed
Asian stocks closed lower on Monday as investors digested the...
Turkey Budget Deficit Expands
Turkey’s central government budget balance recorded a deficit...
Experts Say China Can Cope With Uncertain H2
China is confident it can cope with a more uncertain second...
Chinese Premier Li Keqiang (C) shakes hands with Jean-Claude Juncker (L) and Donald Tusk after the meeting in Beijing on Monday.
China could open its economy if it wished, European Commission...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus