Las costuras del ciclo expansivo
El consumo público y el turismo explican la mitad del avance en el trimestre. La inflación persiste
The Spanish economy demonstrates resilience to all adversity, and its growth does not seem to have resentenced the crisis chronification in the Near East. Contrary to expectations, the GDP grew by 0.6% in the third quarter, almost the same as the previous one and well above the records of other major European economies. For example, France is edging recession, which not only makes it difficult to deactivate the social conflict but also raises the debt crisis risk.
Employment continues to grow according to the EPA's third-quarter data, but it also sends worrying and unusual signals, consistent with a cooling trend in the economy. While the public sector continues to create jobs, the private sector loses them, something that has not happened since the pandemic. Moreover, all net job creation during the period belongs to foreigners and dual nationals. Meanwhile, national employment suffers such a strong decline as unusual, close to 150,000 people in the quarter.
Written by urgent.news from El Pais Economia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
