ESSAJES — The Spanish economy “recovers” from the financial crisis of 2008-09, but unemployment is still “unacceptably high,” according to a new study released by the Institute for Economics and Peace.
The study, which analyzed data from Spanish government, economic and other institutions, found that unemployment in Spain has decreased in recent years, but that the unemployment rate remains high.
The government expects unemployment to fall to 13.5 percent by 2022.
The Institute for Economic Affairs and Security (IES) says the country’s economy will shrink by 7.4 percent this year.
“In terms of the economy, the recovery is still not quite there,” said Isabel Martínez, head of IES.
“The unemployment rate is still high and still high in Spain.
But the economy is recovering and growing.
The unemployment rate has gone down and will go down again.
That is the main thing.”
While the government is making strides to cut the number of unemployed, the country has struggled with the issue of labor market inequality.
According to the latest figures from the government, the median wage for a Spanish worker was €1,547 ($2,874) last year, up from €1.5 million in 2014.
The median wage was also slightly higher than the same year in 2010.
Ives report also found that Spain has one of the highest poverty rates in the world.
The average income for a family of three is about €1 million, or about $1,900, according to the Institute of Economic Affairs.
In the first quarter of 2019, Spain’s inflation was 0.7 percent, according the IES, compared to an average inflation rate of 1.1 percent for the euro area.
Spain’s government is currently in the midst of a three-year economic recovery program.
It has announced that it will reduce the size of government in order to bring inflation down.