Leather Dressed Women

23. Hispalink-Galicia: Lower the industrial production index in Galicia and Spain in 2009

The graph shows the evolution of industrial production in Galicia and Spain in the period 2002-2009, with the average industrial production index for the previous twelve months. We observed a somewhat smaller drop in the case of Galicia, but worrying in Galicia and Spain.

In previous posts of this blog have seen as there was a convergence of real income per capita manufacturing Galicia compared with the English average, as seen in data inlet 12 this blog , in which the graph of Galicia vlaor increased while that of Spain remained virtually stagnant, due to a lack of policy support to the development industry. Moreover, the graph of the input 17 this Blog shows that most of the English regions are well below the levels of industrial production per capita in the more developed regions of the European Union.

The output of the economic crisis passes a boost to industrial activity that generates no increase in the deficit of foreign trade but also help to reduce the deficit.

In entries 8 and 19 of this Blog are graphs showing the evolution of external accounts. We note that after an excessive increase in the deficit in the period 2004-2007 (the insufficient increase industrial production per capita), there has been a sharp reduction in the deficit in the years 2008 and 2009, reflecting the difficulties in the context of the international financial crisis, to maintain a high level external debt. This adjustment is resolved not by way of increasing exports without reducing imports, which is preferable for the good of the English economy, but by way of reducing imports plus exports which has led to slow the English economic expansion.

is necessary to ensure moderation in the level of deficit in foreign trade while encouraging the development of all productive sectors, and it is therefore necessary to adopt measures to promote the industry. As we mentioned above is important to hear the voice of economists, both in the ruling party as opposition parties, since Spain has highly qualified economists who can help a very positive way out of economic crisis.