Technology as a lever for the evolution and recovery of the financial and construction sectors in Spain

Abstract

[EN] The economic crisis started in Spain between 2008 and 2009. During the previous years there had been a growth of the Spanish economy above 3% per year, combined with a reduction of the unemployment rate to values close to 8%, the lowest unemployment rate in the last two decades. This situation was seen by analysts and politicians as a perfect situation for the Spanish economy, which did not foreshadow the existence of the crisis that would follow, beyond a minority that warned of a bubble in the real estate sector and a possible slow- down in the economy. This study reviews the ratios and sectors that have suffered most from the consequences of the crisis and describes the need for the implementation of technology as levers to improve the productivity of these sectors.