Spain’s unemployment rate has dropped below 10 per cent for the first time since its 2008 housing crisis, underscoring its place as one of Europe’s best-performing economies.
Spanish unemployment fell to 9.9 per cent in the final three months of 2025, data on Tuesday showed, leaving it far below a 27 per cent peak hit in 2013 when the bursting of a property bubble had given way to the Eurozone sovereign debt crisis.
The dynamics of the crisis era have since reversed as Spain leads formerly weak southern EU economies that are now outperforming the erstwhile northern engines of growth, notably Germany and France.
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