UD Las Palmas Paradoxes: always rises when the Canarian economy is troubled

The UD Las Palmas, in macroeconomic terms, it is a countercyclical club: it will be fine when things work and the economy collapses. The verb canquear (usually pronounced canquiar in Gáldar, according to the Canary Islands Academy of Language) is used in the sense of “to walk from one place to another without doing anything productive”.

And this is the canarian group Promotion to the Primera is played out At a time when the islands are struggling in terms of employment for young people between the ages of 20 and 24, unemployment is 38.6%. He total number of unemployed is 203,00098,000 men and 104,000 women.

on the islands The arrival of Las Palmas in the Primera is like a blessing in a land where To recover the level of 2019 GDP in 2023, the economic growth of the Canary Islands this year needs to be 7.3%, according to the calculations of CEOE Tenerife, four points more than expected in the most optimistic part of the official range. BBVA expects the Canary Islands GDP to increase by 2.8% in 2023 and 3.3% in 2024.

So, this 2023 Las Palmas climbs to the First Division in a period of hangover from Covid19 and the its effect on economic stagnationwith stabilization of consumption, decrease in investment and negative behavior of work and turmoil in international markets after the crisis in Ukraine.

History. if Las Palmas promotion dates cross the islands economy this 2023 must win a place in the First Division. In 1949, when UD Las Palmas was created, the situation on the islands was dire. That year, 99 men, women and children boarded a boat named Saturnino, 20 meters long and 6 meters wide, to flee to Venezuela. Between 1951 and 1958 more than 60,000 Canarians immigrated to Venezuela. Many of them were detained upon arrival in America and turned away. In 1951 Las Palmas moved up to the First Division. In the 1952-53 season it was in the Second Division and on the verge of promotion.

oil crisis. in between 1973-1975 The Canary Islands have a weather stamp stagflation, a combination of recession and high inflation. Meaning: what will happen in 2023. In between 1971-72 Las Palmas are in European competitions while in families there is a situation of panic and general stagnation. Law 30/1972, of July 22, on the Economic-fiscal Regime of the Canary Islands was published in the BOE and it constitutes the opening of the Franco regime for the arrival of foreign capital.

Naa 1973-74 season, the Carnevali, Wolff, Morete and Brindisi with the yellow quarry that Luis Muñoz reached the third and last participation in the European competition for the club. That season, the yellow ones they reached the final of the Copa del Rey, where they lost 3-1 against FC Barcelona.

All of the above happened while port activity contracted significantly, stop the movement of goods and reduce maritime traffic, with particular incident to the provision of ships, transshipment and fishing. In the study ‘The radical transformation of the productive structure: a service economy turned towards tourism’, from that time, ULPGC professors Francisco Quintana Navarro and Ramón Díaz Hernández said: “Only foreign trade seems to be fighting the crisis: both imports and exports continued to rise, the former stimulated by population growth and the latter by the cushion provided by the peninsular market, although they also slowed down their growth rate“.

Paradoxes of the Eighties. When the Canarian economy improved, UD Las Palmas sank. The island’s economy left the crisis, gaining momentum between 1981 and 1984. Starting in 1985, it printed another strong acceleration. This year the archipelago registered a GDP growth rate that doubled the Spanish and European averages (5.4%, compared to 2.5% in Community Europe and 2.3% in Spain).

But, after 19 consecutive years in the top flight, the Unión Deportiva Las Palmas was relegated to the Second Division in the 1982–83 season, after a season in which he finished in sixteenth position. Between 1986 and 1988 there was a reduction in inflation and a recovery in employment and Sports Union began its darkest year, to the point that since this relegation they have only played five seasons in the First Division. Naa 1984-1985 season, after two years in the Second DivisionThe fourth promotion to the First Division. Three seasons in which the team was in the First Division, until 1987-88. In time 1987-88, the team from Gran Canaria got the worst result in history, the last rank in the table, with consequent relegation to the silver division. A period begins in the Canary Islands where the reduction in inflation and unemployment stands out, where it was combined in 1996, can be seen in the ‘Capitalization and growth of the Canary Islands economy 1955-1997’ of the Fundación BBVA of professor Ginés de Rus Mendoza, Marianela González and Lourdes Trujillo Castellano

The UD Las Palmas is doing poorly in sports but the islands are doing very well economically. ULL professor, Antonio Macías Hernández, in ‘Canary Islands, 1800-2000: the difference of the island’s economic history’ highlights that that the sports hell coincided “with the recovery of the economy international, which resulted in a new broad cycle”. This is due to the pairing of tourism-construction, which “accelerated its broad trend and, again, unemployment rates began to decrease, while the new cycle attracted an immigrant workforce.”

The social infrastructures and facilities has grown significantly due to the investments of the central and regional administrations and the declaration of the Canary Islands as ‘Objective 1’ and the largest zone, which allowed its productive equipment benefit from community funding.

And when the Canary Islands entered the EU in 1991, what happened? UD Las Palmas was relegated to Second Division B in the 1991-1992 season. the palms managing the climb at the hands of Pacuco Rosales in the 1995-96 campaign when the climax of the 1999-2000 real estate bubble was reached, it moved up to the First Division. In the 2000 season-2001, that the islands are a machine for generating money, he dropped to Second.

In 2015when Spain’s public debt reached 1.07 trillion euros, 99% as a percentage of GDP, at 99.0 percent, according to data published by the Bank of Spain, and the Unemployment in the Canary Islands is 297,100 unemployed, according to EPA datamost of the unemployed in construction, the UD Las Palmas returned to the First Divisionin. The Canaries have 813,300 workers, 157,000 women compared to 140,000 men. This is when Podemos came to power in the municipal and insular spheres of Gran Canaria and in 2023 the aspirations appeared divided.