Economic decline of Spain

Spain's economic decline over recent years is due to several factors, including high unemployment rates, especially among youth, weak industrial growth, and a reliance on tourism and construction, which are vulnerable to economic downturns. The country faced a severe recession after the 2008 financial crisis, leading to austerity measures and reduced public spending. Additionally, global economic shocks and internal challenges like regional tensions have hampered economic stability. While Spain has shown signs of recovery, these issues have slowed overall growth and made it harder for the economy to reach pre-crisis levels.