Saturday, October 4, 2014

The new measure of GDP shows a greater decrease in estimated – Bolsamania.com

The new measure of GDP shows a greater decrease in estimated – Bolsamania.com

In 2008, the international crisis did not affect GDP both the Spanish and the rest of Europe.

The INE statistical review shows that the decline Real Spanish economy between 2008 and 2013 has reached 7.3%, compared to the estimate provided so far of 6.7%. The review, launched by the European Commission reflects, among other things, a higher level of activity and employment, and incorporates an assessment of illegal activities such as prostitution and drugs.

However, this new measurement has shown that the recession in the Spanish economy was stronger than previously estimated. According to sources were engaged in a week of INE , the data indicated that e l percentage would be higher than hitherto believed.

THE PERCEPTION OF CRISIS

Reconstruction of GDP from 1995 to 2013 as these new parameters, although the recession gets worse, also qualify many of the perceptions of the crisis in Spain .

According to The Country , GDP fell 3.6% in 2008 , after the international financial collapse, f ent to an estimated 3.8% above. Pending release data from other countries in the EU , which is confirmed is that the failure of Lehman Brothers had less impact on the Spanish GDP in other countries .

However, the GDP has been u na biggest drop estimated for the years 2011 and 2012 , with -0.6% and -2 , 1% , respectively, compared to the estimated figures, which ensured a 0.1% growth in 2011 and decrease of 1.6% a year following. These years coincide with the doubts about the sustainability of the debt of European countries and the euro itself and also with the bank bailouts, budget adjustments and labor reforms.

Read also: The government revised upwards the GDP and expected to create more than 600,000 jobs in two years

GDP MAYOR, BUT MORE DROPS

The statistical series reflects higher GDP, with differences from the 15.000 million euros to the 35.000 million between 1995 and 2010, however, steeper recession is between 2010 and 2013.

In addition, the review valued prostitution and drug trafficking in the statistics, which added 0.85 % of GDP, 2010 . Other changes are incorporated as spending on research, development and innovation that is accounted for as investment rather than consumption from now.

EMPLOYMENT RATE

In addition, the new accounting employment is lower. Occupancy levels reflecting the statistics are higher and falls during the crisis are more pronounced .

According to this, the jobs full-time from 2008 and 2013 have been destroyed 3.5 million jobs , compared with 3.4 estimated before .

The change in compensation per employee has a increase of 1.7% compared to 0.7% who estimated.

Also read:

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