Why are the people of the Balearics getting poorer?
"In 2000, the per capita income was 22.8% higher than that of a European citizen. Today it is 10% lower."
More businesses than ever in Mallorca, and almost a fifth are hospitality
A record number of businesses can't disguise a fundamental problem with the Balearic economy.
2024 will continue to be tough financially for Mallorca families
Pay has nowhere near kept pace with prices, but as the same time there has been too much unnecessary spending.
Rather than diversifying, Mallorca's tourism dependence is intensifying
"It is necessary to contain tourism and the real-estate sector."
Record Balearics exports in 2022
The level of exports is said to be due to the "direct impact of tourism activity".
Mallorca must curb tourism growth, say economists
There is a need "to define the island in which citizens want to live and to leave a legacy for future generations".
“Complicated winter” for the Balearics
Experts claim that what has happened in the UK is a warning not to make policy mistakes.
Employers boss - Not true that businesses have been "making a fortune"
President Armengol has called for "historic salary increases".
Market in Mallorca
A special economic regime for the Balearics has never properly been addressed.
Balearic economy: "Slowdown does not mean recession"
The government is highlighting the current situation of "full employment and economic growth".
Bar terrace in Palma, Mallorca
Only a few weeks of the tourism season left.
Balearic economy slowed down in July
Will a combination of the end of the tourism season and inflation have a greater negative impact than expected?
Balearics facing a tough winter because of inflation
A buoyant summer, but in the winter there will be economic slowdown and a "very worrying" situation.
29% of people in the Balearics are needing a loan
The pandemic and now inflation have led to a doubling in the number of loan requests.
Calls for an end to limits on cruise ships in Palma
The traders and restaurateurs have denied that Palma is “saturated”.
Bar terrace in Palma, Mallorca
Inflation driving fears of economic crisis.
Bank warning of deep economic crisis
Risk of increased social inequality in Mallorca and the Balearics.
Inflation dropped in the Balearics in April
The cost of accommodation, restaurant services and tourist packages in the Balearics went up in April.
- Britons cash in on the outgoing Golden Visa in Spain to beat the 90 day rule
- After a holiday in Mallorca Richard Gere moves to Spain
- Laura Hamilton: “I’ve always loved Mallorca, I just wished I’d bought here earlier...”
- Russian-owned Black Pearl in Mallorca
- Noel Gallagher sold his Ibiza home because of his neighbour - James Blunt
Comment
Is there truly a will in Mallorca to diversify and have less reliance on tourism?
There were all sorts of post-Covid prescriptions and scenarios that were variously well-intentioned or plain fanciful.
Andrew Ede29/09/2024 12:01