Sunday, February 1, 2009

Spain behind the eight-ball in 2008

It looks like eight is Spain's number lately, for better or for worse. On the better side, that number was Spain's "well-being" ranking among 22 European countries the New Economics Foundation's 2008 National Accounts of Well-being report. Indeed, Spain and Cyprus were the only Mediterranean countries to make the top 10.

According to the NEF, governments should directly and regularly measure people’s subjective well-being: their experiences, feelings and perceptions of how their lives are going, as a new way of assessing societal progress, instead of only focusing on economic indicators. So according to this measure, Spain is not doing too bad. Well, that's good to know, especially in view of the worse side of number 8.

Spain's unemployment rate rose to an eight-year record at the end of 2008 -- at 14%, the highest rate in the European Union. Spain's high unemployment rate, helped to bring the the overall Eurozone unemployment rate up in December to ques what -- 8%.

I think these statistics sum up 2008 in Spain, a mix of better and worse -- as in much of the world. However, people here seem generally positive and hoping for a better year without so much time "behind the eight ball."

Suerte amig@s,

Carloz

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