I agree some of the comments in FT are very interesting.
I'm not saying that productivity is going up, it's in fact going down, as the article says -3.1 variation GDP 2008-2009. But the ratio of unemployment/varGDP is very different to other countries because of the additional unemployment from construction industry, which is the suspicious indicator used by the author.
In any case I personally agree with some of the comments in the FT article saying that Spanish government may artificially modify some figures.
I'm not saying that productivity is going up, it's in fact going down, as the article says -3.1 variation GDP 2008-2009. But the ratio of unemployment/varGDP is very different to other countries because of the additional unemployment from construction industry, which is the suspicious indicator used by the author.
In any case I personally agree with some of the comments in the FT article saying that Spanish government may artificially modify some figures.