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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."
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 ...
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
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]
1970s; 1980s; 1990s; ... in Spain: The following lists events that happened during 1988 in Spain. Incumbents ... in opposition to government economic reforms. [4 ...
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.
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.
During the 1960s, Spain experienced further increases in wealth. International firms established their factories in Spain. Spain became the second-fastest-growing economy in the world, alongside Brazil and just behind Japan. The rapid development of this period became known as the "Spanish Miracle".