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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
After the restoration of democracy in the late 1970s, the changes in everyday Spanish life were as radical as the political transformation. They are famously known as La Movida (The Movement). These changes were even more striking when contrasted with the values and social practices that had prevailed in Spanish society during the Francoist ...
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]
JPMorgan Chase CEO Jamie Dimon is concerned the US economy could be in for a repeat of the problems that hampered the country during the 1970s."Yes, I think there’s a chance that can happen ...
The Spanish transition to democracy, known in Spain as la Transición (IPA: [la tɾansiˈθjon]; ' the Transition ') or la Transición española (' the Spanish Transition '), is a period of modern Spanish history encompassing the regime change that moved from the Francoist dictatorship to the consolidation of a parliamentary system, in the form of constitutional monarchy under Juan Carlos I.
The 142 m Torre de Madrid, built in 1957, heralded the "Spanish Miracle".. The Spanish miracle (Spanish: el milagro español) refers to a period of exceptionally rapid development and growth across all major areas of economic activity in Spain during the latter part of the Francoist regime, 1959 to 1974, [1] in which GDP averaged a 6.5 percent growth rate per year, [2] and was itself part of a ...
The economy of Spain is a highly developed social market economy. [32] It is the world's 14th largest by nominal GDP and the sixth-largest in Europe.Spain is a member of the European Union and the eurozone, as well as the Organization for Economic Co-operation and Development and the World Trade Organization.