Mecklai graph of the day: Spain in pain
Mecklai graph of the Day: Spanish bond yield has been escalating over the last 2 years and a similar pattern has been observed in the unemployment rate. Wherein Youth unemployment rate ballooned to a 51.5% from 45% last year.
June 13, 2012 / 16:05 IST
Mecklai graph of the Day: Spain in pain
Spanish bond yield has been escalating over the last 2 years and a similar pattern has been observed in the unemployment rate. Wherein Youth unemployment rate ballooned to a 51.5% from 45% last year. The country has the highest unemployment rate of about 24.44% in the European Union and it is expected to rise further this year. The below factor signifies that the growth in Spanish economy has stalled, in spite of reforms announced by the new government to the labor market, including cutting back on severance pay and restricting inflation-linked salary increases, a robust revamp of the economy is unlikely to be seen in the near term.The below graph shows the Spanish bond yield and unemployment rate over past 2 years
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