Courtesy of Mish.
In what may be the least shocking economic statistic reported so far this year (albeit it’s very early), 70% of Spanish Citizens Don’t Believe Prime Minister Rajoy on the Recovery.
Via translation from El Economista…
In 2013, Prime Minister, Mariano Rajoy, promised the “economic recovery” would begin in 2014.
A survey released Wednesday by the newspaper El Mundo shows 71% of the citizens of our country believes that recovery will begin in 2015. A mere 17% trust the recovery will start this year and 8% estimated that the recovery actually started in the latter part of 2013.
The stats have gotten worse. A year ago 30% of Spaniards saw 2014 as the year of recovery, now that number is down to 17%.
With regard to the personal situation of respondents, only 20% believe their life from an economic point of view will be better in 2014. 75% believe it will be the same or worse.
Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com
