Monday, March 27, 2017

Economics

6 Practical Tips for Getting a Job in Ibiza this Season 2017

Now that the year is in full swing – you might start to be thinking more seriously about coming to Ibiza to work for 2017’s season. Here a few tips and tricks that might help the process of searching for/securing work for the summer. 1 – Be Proactive Probably the most important general tip for finding a job in Ibiza …

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The Spanish population is shrinking

Spain keeps losing population, and there are two major reasons for it: increasing numbers of Spaniards are moving abroad, and there are fewer foreign residents in the country. On January 1st, 2016 there were 99,439 fewer residents in Spain than a year earlier, according to preliminary figures released on Thursday by the National Statistics Institute (INE). The registered resident population …

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Government’s plan to help Spanish jobless falls well short of its goals

Only 15% of allocated funds have been spent, and just 25% of potential beneficiaries are collecting checks The Spanish government’s stand-out initiative to help the long-term unemployed has fallen significantly short of its goals. Only slightly more than 25% of all estimated potential beneficiaries – 105,500 out of 400,000 – are collecting the monthly check for €426. And although the …

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Bringing non-EU goods into Spain can be a major headache

It all seems so easy when you’re on holiday somewhere exotic and the shop assistant tells you that the transport costs are all included in the price. Or when, sitting comfortably at home, you buy something online with a simple click of a mouse. But increasing numbers of Spaniards who buy goods from non-European Union countries – 12% of the …

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The Spanish economy grew by 3.2% in 2015

The National Statistics Institute (INE) on Friday confirmed an estimate advanced by the Bank of Spain a month ago: gross domestic product (GDP) grew 3.2% last year, the biggest improvement since 2007, before the crisis hit home. The Spanish economy managed to prolong its upward pace in the final stretch of the year, posting fourth-quarter growth of 0.8% from the …

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Lower energy prices are good news for Spain

Lower prices for energy and other commodities may be good news for importing countries such as Spain. The International Monetary Fund (IMF) has released an update of its World Economic Outlook report, raising its own forecast for Spanish GDP growth over the next two years. In the new scenario, the Spanish economy will grow 2.7% in 2016 and 2.3% in …

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Brussels ratifies report warning Spain over deficit target risks

The European Commission has warned that Spain will not be able to meet its deficit reduction goals for this year and next, and has called on the government to amend its 2016 budget accordingly after the general election. “The commission foresees that Spain’s overall deficit would fall to 4.5% of GDP for this year, and for 3.55% in 2016, which …

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Spain managing to hold off the impact of a global slowdown: IMF report

For the Spanish economy the current advantages of the new international outlook – cheaper oil, a weaker euro against the dollar, low interest rates – are having a greater effect than the disadvantages – fewer exports to China, lower demand from Latin America. As a result, it is among the few countries whose growth predictions haven’t been revised downwards in …

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Spain will lead in economic growth and job creation this year, say world bodies

There was good news for Spain on Thursday from the world’s major think tanks. After years of dire predictions, Spain is now expected to be the developed world’s biggest job creator this year and the next, while its economy will grow faster than most in 2015. The Organisation for Economic Cooperation and Development (OECD) foresees that Spain will see a 2.9% rise …

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