A quick look at a comparison between the economies of Portugal and Spain, with the economies of the UK and US.
Four countries with very different paths of unemployment.
Effect of falling oil prices
A fall in oil prices should cause a reduction in transport and fuel costs for firms. Consumers who will also benefit from the lower prices of transport and fuel. The lower oil prices will effectively increase their disposable income and enable them to spend more on other goods Because oil is the most traded commodity …