Europe’s deepening economic and financial crisis has thrown Spanish population growth into reverse, with hundreds of thousands of Latin American migrants leaving the country because they are unable to find work. After a decade of high immigration and rapid population growth, Spain’s population is now declining and fell by nearly 28,000 in the first half of this year to 46.12m, according to the National Statistics Institute (INE)Lex Spain pays dearly S&P cuts Spain’s sovereign debt rating Spain set to miss deficit reduction target Italian debt premium over Spain leaps Outrage at pay-outs for Spain’s failed bankers “If current demographic trends are maintained, Spain would lose more than half a million inhabitants in the next 10 years, after a period of intense population growth,” INE said in a report on its projections published this month. The reversal is remarkable because Spain and its fast-growing economy had been the most popular destination in the European Union for new immigrants, legal and illegal. Many of them found jobs in construction during a long housing boom that came to end four years ago. INE’s findings are in line with anecdotal evidence on the streets of Spanish towns such as Parla, one of Madrid’s relatively poor southern suburbs.
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