The Spanish crisis from a macroeconomics point of view

Abstract

During the years prior to the crisis, in Spain there was a high expansion due to the accumulation of large imbalances. The start of the crisis, that began in 2007 in Spain, has its origin in the United States with Subprime mortgages, together with the outbreak of the housing bubble in Spain. During these years of crisis there have been many changes trying to improve the serious situation in which Spanish society has been involved. This crisis has left many changes in some macroeconomic variables such as: Unemployment, GDP, Public expenditure, deficit and public debt.