It's time for subscriber-only original reporting and analysis to come back to The Spain Report, after all the post-Santiago trip improvements.
And what a prestigious pair of experts I have found for you tonight…
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Where has this new trend in Spanish unemployment come from, though, and will it continue? Are we seeing the beginning of the end of unemployment in Spain? Have Spanish prime minister Mariano Rajoy’s austerity measures and employment reform actually started to work?
Edward Hugh, an independent macroeconomist in Catalonia, told The Spain Report that: “The change started in December last year. It is quite clear in the data, the rate of increase in unemployment peaked and then started to decelerate. This change of trend coincided with the deepest moment in the recession. After this things started to improve. But improving doesn’t mean things are good. This is the big confusion many people are making. It just means that initially they started getting worse more slowly, then they started to get better (maybe in April)“.
cortesia matthewatthespainreport.com
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