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OCR 2888 - Spanish Economic Difficulties

Geoff Riley

8th December 2008

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There is a relevant article on the problems facing the Spanish economy in the Times today - a useful background article for those sitting the OCR 2888 paper in January.

“After a decade in which per capita income doubled - and household debt tripled - the Spanish economic fiesta is well and truly over. More than 40,000 workers are losing their jobs each week, a far higher rate than elsewhere in Europe. Unemployment is at 2.99 million, a 12-year record of 12.8 per cent of the workforce and the highest unemployment rate in the eurozone.”

The remainder of the article can be found here

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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