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Essay

The Economic Crisis in Spain

Essay specific features

 

Issue:

Business

 

Written by:

Byron H

 

Date added:

November 18, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 629

 

Was viewed:

4023 times

 

Rating of current essay:

 
Essay content:

The construction of buildings brought Spain the biggest increase in economy in EU , in the last 10 years .The main ressource of Spain’s GDP was the Housin Market that consisted about 5%-15% of Real GDP every year. The oproximately rate of growth of GDP for the last 4 years was about 3%-4% per year, but the economists assume that for 2008 the growth rate will be about 1%, that is meaning that there is a slowdown, and if the gouvernment will don’t care about it , this decreasing can lead to a recession...
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The recession’s problem is that the Spain’s bank had credited too much sold property, and now the Central Bank of Spain is afraid of the consequance that was happened in United States. U.S. had a same crisis in 2007 , there were sold too much new houses , that was credited by the banks, and at the end there were owners that can not settle their debts to te bank...
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General issues of this essay:
Spain spain The Economic Crisis in Spain Spain Spain SPAIN SPAIN Spain Spain Spain Socio Economic Situacion in Spain Spain in World War II Spain Spain's Aids problem Canada and Spain
 

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