If You're Spanish, Move To Norway
As the nations of Europe argue over and over that France is not Greece, Portugal is not Ireland, and reality is not fantasy, Bloomberg has in fact quantified just where each of these troubled nations stands for the next five years. The bad news for the Spanish - facing demands for Rajoy's resignation over the graft - is that they have the worst five-year outlook of all European nations. Worse than Portugal, notably worse than Greece, and dismally worse than Bulgaria. On the bright side, Norway - with the best outlook by far over the next five years - looks attractive (or closer still Luxembourg.)
Not good for Spain...
Bloomberg ranked these nations based on projections for GDP growth, GDP per capita, and unemployment rate, as well as the average inequality (or Gini coefficient). (Cyprus was excluded due to lack of reliable data)
- advertisements -