A flat economy for years to come?

I was listening to a radio station yesterday when I caught a very frightening opinion: Spain may experience a very low growth rate for some years to come. That is quite a dramatic prospect. Of course, the fellow saying that might be completely wrong - or not. But the prospect of a flat economy is a discouraging one. Last days we've had the "statistical turnover", i.e. we've been growing lately -- albeit very little, of course. If you want to be forensic about that, then you might point to the zero-something figures. But certainly this does not create jobs nor it is a sign of a robust comeback. According to this source, jobs and growth shall come strongly by 2016, and, guess who will get us out of this mess... yes, mainly the real estate. So well, at least we can be happy about the expected 3% to 5% growth in Xmas expenses, a news which you can see reported everywhere this week... more on this later on.

The fact is that, with an economy of such a low added value as we currently have, no job creation is possible. In fact, jobs only come up when growth is consistent and quite remarkable in our type of economy: from 4% onwards according to some experts. So, with such low growth rates no job creation is expected in the near future.

For now mind this one thing: neither the enterprises nor the government will get us out of the crisis, it seems for now that the households are doing this job... log life to households and, of couse, to retail.