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In the words of the OECD's 1987-88 survey of the Spanish economy, "following a protracted period of sluggish growth with slow progress in winding down inflation during the late 1970s and the first half of the 1980s, the Spanish economy has entered a phase of vigorous expansion of output and employment accompanied by a marked slowdown of inflation."
Concurrent with the military and economic issues there was a depopulation in metropolitan Spain. The Spanish decline was a historical process simultaneous to the purpoted [2] general crisis of the 17th century that swept most of Eurasia, but which was especially serious for Spain.
The Spanish Empire had reached approximately 12.2 million square kilometers (4.7 million square miles) in area 1668: The Treaty of Lisbon was signed. Spain recognized the sovereignty of Portugal's new ruling dynasty, the House of Braganza. 1675: Charles II of Spain, the last Habsburg ruler of the Spanish Empire, was crowned. 1700: 1 November
The economy of Spain is a highly developed social market economy. [29] It is the world's 15th largest by nominal GDP and the sixth-largest in Europe.Spain is a member of the European Union and the eurozone, as well as the Organization for Economic Co-operation and Development and the World Trade Organization.
The 142 m Torre de Madrid, built in 1957, heralded the "Spanish Miracle".. The Spanish miracle (Spanish: el milagro español) refers to a period of exceptionally rapid development and growth across all major areas of economic activity in Spain during the latter part of the Francoist regime, 1959 to 1974, [1] in which GDP averaged a 6.5 percent growth rate per year, [2] and was itself part of a ...
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There was practically no political opposition, but a social opposition started growing in the end of the 80s, consisting of two fronts: the student front, and the syndicalist front. This last front exerted a great amount of pressure, even calling for a general strike on 14 December 1988, due to the liberalizing of the economic policies.
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