The Balearics and Spain in general can no longer afford to rely so much on tourism.

The Balearics and Spain in general can no longer afford to rely so much on tourism.

25-11-2021- EFE

I think one important thing we have all learnt from the pandemic is that the Balearics, not to mention many parts of Spain as a whole, are far too dependent on the tourist industry and Spain could be about to pay the price.

Yes, there was a notable uptick in tourism during the second half of this year, but was it enough?

Anger over the state of the economy is now starting to spill out into the streets as the confidence in quick recovery starts to shrink.

Hundreds of auto workers protested in Madrid on Monday to draw attention to the problems the sector faces, while in the southern city of Cadiz metalworkers have been on strike since mid-November to demand wage increases.

As Christmas approaches, truckers have threatened to go on strike to protest against rising fuel prices.

The government had initially forecast the economy would expand by 9.8 percent in 2021, one of the highest figures in the eurozone.

But in April it slashed its forecast to 6.5 percent, as Spain was hit by a third wave of Covid-19 infections. Most economists, however, believe growth will not surpass 5.0 percent this year.

Analysts blame soaring energy costs, supply chain disruptions and an over reliance on tourism for the slower growth in Spain, so perhaps now is the time to seriously start diversifying in the Balearics.

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Grant / Hace 5 days

Here we are still in the middle of Covid mania , where we could leave behind the other mania , just back in 2019 , that there were just too many Tourists , Cruise Liners ,Rent a Cars , and that this needed a correction of about 30% : claimed Insustainable : Due to Covid it dropped to Almost zero for awhile , but actually both Summer of 2020 and now 2021 proved resiliant , and we’ve had some record numbers again. Now some fools believed in a 10 % increase , ( 9.8 to be exact ) but that is unsustainble ; what are we to double again in 10 years , whats that 40 million people coming to Mallorca in a summer ??? Be happy with 5 % or even 2.5% ; everything will be full , and thats enough !!!

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Peter / Hace 5 days

Still censoring comments then I see.

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Peter / Hace 6 days

Ya think!

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