Von der Krise in die Krise?

Spaniens wirtschaftlicher Aufschwung steht auf wackligem Fundament

authored by

Sören Scholvin, Maike Saltzmann-Pusiol

Abstract

The economic and financial crisis has had a dramatic impact on Spain. In 2009 the country's gross domestic product (GDP) declined by almost 4 per cent. The national budget reached a deficit of 11 per cent of GDP. The unemployment rate peaked at 26 per cent in 2013. Home evictions became frequent, totalling 200,000 cases from 2006 to 2012. Even today the situation of young Spaniards remains precarious, also because of the flexibilisation of the labour market. Many have chosen to emigrate. Spain furthermore suffers from regional disparities: the Basque country, Catalonia and the regions of Madrid and Valencia are industrialised, while many peripheral parts of the country are shaped by the agricultural sector and small enterprises that overly rely on local markets. The recent economic recovery relies on the construction sector, which was critical to the pre- crisis economy and gave rise to the crisis itself. Once again it appears that private and public infrastructure is being built, not so much to fulfil people's needs but rather to absorb over-accu- mulated capital.

Organisation(s)

Economic Geography Section

External Organisation(s)

Deutsche Gesellschaft für Internationale Zusammenarbeit GIZ

Type

Article

Journal

Geographische Rundschau

Volume

2018

Pages

56-61

No. of pages

6

ISSN

0016-7460

Publication date

2018

Publication status

Published

Peer reviewed

Yes

ASJC Scopus subject areas

Geography, Planning and Development, Water Science and Technology, Energy(all), Atmospheric Science

Sustainable Development Goals

SDG 8 - Decent Work and Economic Growth, SDG 9 - Industry, Innovation, and Infrastructure