ZeroHedge News (RSS Feed)
· 1d
Impoverishment Of Spaniards Is The Result Of Years Of Interventionist Policies
Impoverishment Of Spaniards Is The Result Of Years Of Interventionist Policies
https://www.dlacalle.com/en/...
Spain’s economic miracle is just a statistical mirage. Spain’s “superior” GDP growth is not due to each person producing more (down, -1.7% 4Q2019-4Q2025, as the working population grew by 12.5%, but GDP by only 10.6%), and the unemployment reduction is distorted by the record number of inactive workers not considered unemployed even if they get an unemployment subsidy. The number has tripled since 2019.
Sánchez has implemented a model based on propaganda, not reality, sweeping real unemployment under the rug, doping GDP with debt, immigration, and European funds, and leaving a reality of worse net real wages and atrocious productivity.
Spain may seem like an economic growth miracle in headlines, but details show a time bomb that will explode once the placebo effect of debt fades and immigration’s net negative impact on public accounts soars.