Reports of AI ending human labour may be greatly exaggerated kurzy.cz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kurzy.cz Daily Mail and Mail on Sunday newspapers.
Artificial intelligence and jobs: Evidence from Europe 3quarksdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 3quarksdaily.com Daily Mail and Mail on Sunday newspapers.
In the 1990s, the Czech Republic was emerging from communism and it was producing just two-thirds of the wealth that Spain was. But in three decades, it has managed to beat the Spanish economy in terms of GDP per capita at PPP (or gross domestic product per person at purchasing power parity, which makes it possible to compare countries). Estonia, Lithuania and Slovenia are close to surpassing Spain on this metric as well.
The figures evidence a regression by Spain, which had been reducing its distance with the more advanced European economies until the financial crisis of 2008. Since the property crash, however, the Spanish economy has been drifting further away from northern European countries, stuck at wealth levels similar to those of Italy and France.