Whether one goes by data or anecdote, that the Indian economy has been experiencing a contraction - … Image credit: seaan via Flickr. Spain's economy has shrunk for seven straight quarters, compared with four quarters of consecutive decline during the U.S. recession in 2008 and 2009. A not-so-short history of the Spanish economy: The half-century housing bubble, the excruciating recession, the grisly unemployment, and, finally, a glimmer of hope. Why is our economy so bad? Spain’s foreign minister met Sunday with Senegal's president in the West African country’s capital Sunday to discuss the sudden increase of Senegalese migrants attempting to reach the Canary Islands by boat. why is the economy so bad right now is the senate not letting obama do his job or what? And why are interest rates so low? One does not need a weatherman to figure out which way the wind is blowing. It is not by accident that India appointed a China specialist as its chief economic adviser and its state investment policies have … BTW, I have less than 35K on the odometer so … Consumer spending and exports have remained strong, but economists expect growth to slow in 2017 So it’s hard to see businesses opening up their wallets to invest, which is what’s sorely needed in order to reduce the economy’s over-reliance on consumer spending and real estate. i expect it to be clearing up a little.whats going on out there? An increase in shoplifting is typically a bad sign for the economy; it means that things are so bad, people are forced to steal to make ends meet. Other people think that’s a bad idea, either for the place the migrants are going or the place they are leaving. Everyone familiar with Star Wars knows that the Empire is bad, and the Rebellion is good. So there is no case for immigration of the scale we have experienced over the last decade." Fleeing the Costa catastrophe: Thousands hand back their villa keys as Spain's economy teeters. Spanish Foreign Minister Arancha González Laya met with President Macky Sall in Dakar to discuss migration and border cooperation between Spain, the European Union and Senegal. Please answer with factual information, and not stuff like, because Bush was president, or nonsense like that. A contracted economy, inadequate banking systems, engorged public sector and festering corruption mean that Italy is facing a troubled future Indeed, some of the statistics are impressive. Importance of Tourism on Spain’s Economy. As a son and grandson of farmers who is also the head of the local growers union, the Unió de Llauradors, Sánchez has an explanation about why things are so bad in the countryside. Many struggling with their mortgage could be targeted by banks needing to call in bad debts That makes it all the more likely that Spain’s banks will need a bailout the state can’t afford. Why Is Spain’s Economy Expanding So Robustly Without a Government? What makes life under Emperor Palpatine so unbearable, and what would make life under the New Republic so much better, for the ordinary citizens of the galaxy? I keep hearing about how our economy is rapidly going downhill, but no one has actually told me the facts. Spain suffers form 23% overall unemployment, the highest rate in the developed world. Deflation is not normally bad for an economy, except when it occurs in reaction to previous over-inflation. The bad sharing economy. Spain's economy is collapsing as it deals with a property bust fueled by excessive bank lending, similar to what happened in the United States--except that the Spanish economy is still shrinking while the U.S. housing bust ended last year. “And there will be more cases, because things are very bad,” says Sánchez, 37. An obvious way to convert this is to use market exchange rates—like those you use when going on holiday—to convert local currencies into dollars. Why Is Unemployment in Spain So Unbelievably High? One can also take into consideration the fact that tourism is booming in comparison to other industries such as … This is why: The best known examples of the sharing economy – the likes of Facebook, Youtube, Uber and Airbnb – are Silicon Valley based and funded technology companies that created new online platforms through which to exchange. Seriously. The inflation rate is reported each month, retroactively, so August’s figure will be released on September 19. I know it might take a few years for the country to clean up but. But, Spain's economy is still very sluggish, and Madrid does not have Spain's lowest unemployment rate, so it is only your perception because the data does not much your impression Please register to post and access all features of our very popular forum. Thanks. Inflation can be both good and bad. The unemployment rate is a puny 3.8 percent. The UK economy grew by 2.8… But, why? The answer is because people believe the economy is productive and long-lasting enough to eventually pay back the government bonds. I'm at 5,000' altitude which might make a difference but so are they. The UK election campaign is underway and the Conservative-lead government is keen to explain how well the economy is doing. So the cycle goes on. December 1, 2011 Link Copied. This is why the UK is the 5th largest economy in the world. Things don’t have to be great. Education General Dictionary Economics … Read more: Here's why the economy feels so bad when it sounds so good. The economy of Portugal is ranked 42nd in the World Economic Forum's Global Competitiveness Report for 2017–2018. Derek Thompson. … India has broken away from the "Washington Consensus" of "state bad, private good" to use state investment as the driving force of its economic development. Where is growth? Voices Why Italy’s economy is about to collapse. Spain's economy is expanding by around 3 percent a year — one of the fastest growth rates in Europe. What we’ve learned so far about where the economy is headed What the Great Depression can teach us about today’s financial turmoil 2008 crash is now an economic case study Why is Italy’s economy so sickly and has the country’s new government found the cure for its economic ills? The good and the bad in South Africa’s economy right now Vodacom signs major African broadband deal with Intelsat Next article 5 important things happening in South Africa today Previous article Anytime I leave town it is downhill so I'm fighting some steep grades on the way home. I think that to really understand why this is happening we need to ask ourselves a fundamental question "What does it take to produce prosperity?" So the government resorts to monetizing the debt by printing money and that leads to bad inflation for the economy. While weekly initial jobless claims are still catastrophic (the latest weekly jobless claims was 3.2 million), those numbers have steadily decreased for five consecutive weeks. We are all asking ourselves these questions but our society is failing to give us answers and most of all it is failing to do something about it. And so on and so on. But despite that, many Americans feel left out of the apparent boom. So buying stock in companies that are still profitable despite the Covid-19 recession looks pretty attractive. In doing so, however, the government is further depressing the economy, which increases the number of bankruptcies and defaults within Spain, and thus further weakens the banking sector. The impact of immigration on the public finances is relatively small according to most studies, costing or contributing less than 1% of UK GDP. Why the death rate is so bad in Spain – and what it means for the UK The country has now recorded more than 4,300 deaths following record rises this week [31] The great majority of the international trade is done within the European Union (EU) , whose countries received 72.8% of the Portuguese exports and were the origin of 76.5% of the Portuguese imports in 2015. It seems bizarre that the stock market is doing so well in the midst of the worst economy since the Great Depression. So the question is, why does the U.S. have trillions of debt and can still finance its deficit with government bonds? So, why is our economy so bad? These trends also show why India has recently achieved growth acceleration and major economic success. Tourism has undoubtedly become a monumental factor in the growth and development of economy today. One of today’s economic mysteries is: Why is inflation so low? 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