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Comment by carlos

I live in Spain. From my understanding the ratio of Unemployment rate/GDP is very high because of the construction bubble collapse. That 9.7 increase are 80% because construction industry mainly. This bubble collapse affects much more to the increasing unemployment rate than to the GDP (which also does but less dramatically). That's is because we can't compare the ratios from Spain to other countries in Europe, as we have this additional problem.
parent carlos 16 years ago

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