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In the words of the OECD's 1987-88 survey of the Spanish economy, "following a protracted period of sluggish growth with slow progress in winding down inflation during the late 1970s and the first half of the 1980s, the Spanish economy has entered a phase of vigorous expansion of output and employment accompanied by a marked slowdown of inflation."
José María Aznar became prime minister of Spain thanks to the support from CiU, PNV, and CC. During his first term, his main objective was an economic policy to allow convergence with the euro, and several public enterprises were privatized. In the 2000 Spanish general election on 12 March 2000, the PP obtained a majority of seats: PP: 183 seats
The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and 1982. [2] [1] [3] Long-term effects of the early 1980s recession contributed to the Latin American debt crisis, long-lasting slowdowns in the Caribbean and Sub-Saharan African countries, [3] the US savings and loan crisis, and a general adoption of neoliberal ...
Although the economy was expanding from 1975 to the first recession of the early 1980s, which began in January 1980, inflation remained extremely high until the early 1980s. The U.S. Bureau of Labor Statistics estimates that 2.3 million jobs were lost during the recession; at the time, this was a post-war record. [4]
Following the October 6, 1979 meeting of the Federal Open Market Committee, the federal funds rate increased gradually from 11.5% to an eventual peak of 17.6% in April 1980. [6] This caused an economic recession beginning in January 1980, and in March 1980, president Jimmy Carter created his own plan for credit controls and budget cuts to beat ...
When new gross domestic product figures last month showed US economic growth slowed ... in the 1970s after a spike in oil prices during the Arab oil embargo. ... to that seen in the 1970s and 1980s.
The debt crisis of 1982 was the most serious of Latin America's history. Incomes and imports dropped; economic growth stagnated; unemployment rose to high levels; and inflation reduced the buying power of the middle classes. [8] In fact, in the ten years after 1980, real wages in urban areas actually dropped between 20 and 40 percent. [12]
The 2022 Startup Law has provided a more favorable legal and financial framework for creating and scaling emerging companies in Spain.