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The lousy Spanish economy

 
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mikeisquixotic



Joined: 09 Jan 2006
Posts: 12
Location: Vermont

PostPosted: Wed Jan 28, 2009 10:09 pm    Post subject: The lousy Spanish economy Reply with quote

According to a BBC article, Spain's unemployment rate hit 13.9% in the last quarter of 2008. That's the worst in the Eurozone and expectations are that it will rise in 2009. The country's credit rating has just been reduced by Standard & Poor's as well.

Can anyone offer any insight as to how the ESL market has been affected?

I am considering a move to either Madrid or Barcelona at the beginning of the Fall 09 school season. By September I will have two years of volunteer teaching experience, an Oxford TEFL certificate and EU citizenship through descent. However, I'm still worried it may be a bad time to cut my teeth on the Spanish ESL market.

Any thoughts?
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El_Che



Joined: 13 Feb 2007
Posts: 34
Location: Spain

PostPosted: Wed Jan 28, 2009 10:51 pm    Post subject: Reply with quote

I've experienced no problems in getting work here in Valencia.

In fact many of my clients have started English classes to get a head start over the competition because of the economic downturn.

I'd imagine that this is the case in Madrid and Barcelona too, where demand always seems to outstrip supply.
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SirKirby



Joined: 03 Oct 2007
Posts: 261
Location: Barcelona, Spain

PostPosted: Sat Jan 31, 2009 9:01 am    Post subject: Reply with quote

Doesn't currently appear to be a problem in Barcelona, as far as I know, though they say the next two years are going to get a lot worse.

All the major car manufacturers have pulled out of the Barcelona Motorshow and the freebie paper Metro has shut down in Spain... Those are two real bad signs!
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andeez



Joined: 17 Feb 2006
Posts: 10

PostPosted: Sat Feb 21, 2009 12:15 pm    Post subject: Reply with quote

Things are getting worse,much worse and if you don't have a EU passport it may be impossible by September.Here in Madrid companies who used to hire Americans illegally have stopped the practice as EU citizens are losing hours and reporting companies for illegal hiring.And you can't really blame them.
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sollettspain



Joined: 28 May 2009
Posts: 9
Location: spain

PostPosted: Sat May 30, 2009 9:30 pm    Post subject: re the lousy spanish economy Reply with quote

My perception is that the recession is taking a toll on the amount of work available and the wages paid. Especially here, in Alicante, which is very dependent on the tourism, particularly British tourism which compounds the problem due to the weak british pound.
The business classes are dropping off - fewer students requesting clases - for various reasons a) their companies have less money available for training, b) unemployment has risen rapidly and is predicted to continue rising c) the remaining workforce are obliged to concentrate their working time on other priorities aside from improving their language skills.

re kids and young adult classes - perhaps not afected quite as noticeably, but a significant number of parents who pay their 70-80 euros per month for their children's classes are having to budget more carefully in all areas.

I know a number of teachers and managers in various language schools here who are having to make cutbacks here and there - combining levels of students, not replacing teaching resources etc etc.

Some of the Summer camps also appear to be experiencing a reduction in bookings compared with previous years.

In fact, the school where I�ve worked since last September said to me on Thursday that they may well reduce the number of staff in order to maximise class sizes and that they can�t guarantee me any work for next term until they have looked very carefully at their intake.

So the situation in this city isn�t so rosy, although i suspect that other larger cities which are less dependent on tourism and construction and have a greater number of more international businesses won�t be quite so badly affected.

Still, the weather is great and you can still get a good bottle of wine for about 4 euros.
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mikeisquixotic



Joined: 09 Jan 2006
Posts: 12
Location: Vermont

PostPosted: Sun May 31, 2009 4:40 pm    Post subject: Reply with quote

Thanks for the feedback, all. Anyone in Madrid care to chime in?
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