Comment by adventured
12 hours ago
As someone from the US I have repeatedly heard that Spain's economy is doing reasonably well. And I just looked it up, unemployment is approximately the lowest it has been in two decades. Considering the post 2009 era of economic turmoil that Spain went through, that economic momentum seems like a real positive.
In June Goldman Sachs put out an article noting how well Spain's economy is doing, which included this employment comparison (showing Spain's outperformance versus its peers):
Spain's unemployment rate has converged with Finland's, a remarkable improvement:
The jobs being created are tending more toward high value, high productivity jobs that pay better than average. That's no doubt helping diversify Spain's economy further away from tourism, which should provide greater long-term economic strength and stability. Overall it might be a really good decade coming up for the people of Spain.
I would also add how greatly improved living in Spain has been. The change in last 15 years is dramatic. Barcelona, Valencia, Malaga even Madrid are top of the list of best liveable cities. I am not sure how (probably local politics) but almost no other cities in europe managed to become so great.