After a Crisis, Madrid is Booming Again

After a Crisis, Madrid is Booming Again


Now’s the time to visit Spain’s capital.
After nearly a decade of economic crisis Madrid
is growing again.
And you can feel this confidence in the central
district of Justica.
Its streets teem with restaurants and boutique
shops, supplying cakes, coffee and cocktails
to trendy locals and visitors alike.
Welcome to Justicia, Madrid
Tucked just north of Madrid’s city center
is Justica.
In just a few years this area has evolved
into one of the city’s trendiest districts.
Spain has only recently recovered from a long
and painful recession which gripped the country
from 2008 to 2014.
At its height unemployment was above 26 percent,
while youth unemployment was above 55 percent.
Spain’s economy is now growing, and the effect
of this hardship in Justica has not been the
mass closure of independent stores, but instead
a flight to buy and support local business.
This is DoDesign, a store which captures that
spirit of creativity and community.
The shop collaborates with emerging artists
and designers, constantly shifting its collection.
Here you’ll find fashion, interior and
jewelry brands you’ve never heard of before.
Surviving Spain’s recession has forced businesses
to think differently.
This is Macera TallerBar and you first thing
you’ll notice is that all the bottles of liquor
are their own handwritten brands.
During the recession cocktails were one thing
people cut down on. The owners of Macera had
an idea.
They bought unbranded liquor and infused it
themselves. Making every cocktail 7 euros.
It’s now one of Madrid’s coolest bars
with some very exciting flavors.
Think rum infused with cinnamon and orange and
gin with rosemary and thyme.
One Spanish dining tradition that has shown
no signs of being under threat,
despite recent trends, is churros.
The deep fried, sugar coated snack is best
enjoyed with a hot chocolate.
Just to top off your sugar hit.
Churros are traditionally eaten for breakfast.
This is Churreria Santa Teresa, one of the
oldest churros bars in the neighborhood.
It opens at 5.30 in the morning, making it popular with
a post nightclub crowd.
If you’re feeling guilty about your churros
hit, fitness guru to the stars Tracy Anderson
has opened up her only non-U.S. based studio
here in Madrid.
Her workouts are a blend of dance-cardio and
weights. The rooms are heated and music is
blasted at club levels. Get ready to sweat.
Now it’s time of dinner and you’re spoiled
for choice. Justica is jam-packed with
little hip restaurants.
This is Celso Y Manolo. Run by two brothers,
it’s charming and intimate.
It serves contemporary Spanish food with an
expert eye for detail.
Their specialty dish is based around a
huge tomato from northern Spain.
It’s served with avocado, mango, papaya,
red onion, olive oil and fresh herbs.
And finally, you can’t come to Madrid without
seeing some flamenco.
Touristy restaurant-cum-theatres monopolise
the flamenco scene but you can be more adventurous
Casa Patas has been a focal point
of Madrid’s flamenco scene since the mid 80’s
and still attracts some of the best artists from around the country.

92 thoughts on “After a Crisis, Madrid is Booming Again”

  1. Yes its the city which lives thanks to the speculation of being a Tax Heaven place and all the 16 billion dollars that has robbed to Barcelona the last 40 years, it’s all aesthetics and appearance…

  2. It's impossible to close eyes … Very interesting !
    Spirit captures ….
    Thank You dear Bloomberg for Your unique , very important information and Your decent job for us !

  3. The Biggest Problems facing avg. people is the take over of world economies by a select and powerful few. Few banks, owned by very very rich people have the power to completely destroy a nation's economy, anytime they like. Because of this, it is easy to ruin the livelihood of the 99% of people who have little to no power, nor savings. Thus, leading to situations like in Madrid, and countless other cities and nations across the world. Coming off of the gold standard, was the worst thing for avg. people in my opinion. What's the difference between a 20USD bill and 100USD bill. The paper is the same, and it probably costs the same to make. Yet one is worth more than the other, just because a few people say it does, and so we believe them.

  4. Is madrid the best place to have a city though, it became the capital because it was in the center of the country for political reasons

  5. This does not make me want to invest in the country. The net migration figures are horrible, so are the fertility rates. Left wing governments. Forget the PIGS, they are going nowhere fast

  6. Madruid is uan of de moust charmim aninbaitin sitis IN DE GUOOOOR

    -Bloomberg, Oda a la gentrificación, 2018'

  7. Lol now it's the worst time to go! we went 5 years ago, couldn't believe the deals we got on hotel and flights, now forget about it

  8. Es fascinante leer la sección de comentarios repleta de polacos (de los polacos españoles, quiero decir) echando pestes de Madrid. El engaño independentista empobrece a Barcelona cada día más. Si a eso le sumas la criminalidad rampante, pues normal que estén picados.

    A disfrutar de la proyección de Madrid, perdedores. Vosotros lo habéis querido.

  9. The most beautiful, homely, cheery and friendly town in the world. By the way, if you want to enjoy one of the best tortilla de patatas in Madrid go and try 3:13 Bodega la Ardosa… Amazing raciones aside from tortilla will conquer your stomach

  10. pretty shot but I thought this was going to be more informative. It looks like mere publicity for that neighborhood. Yeah, it's just a neighborhood which I actually never called Justicia before… Well, there are many homeless and junkies all over the rest of Centro… I find out that once I moved to this so called Europe. Apparently I have to have a car so I can enjoy the city or something cuz the metro is always full with these beggars and 2 days ago a dude sat beside me, he stank so awful, and he had a messy mass daubed on most of his hair, he looked pretty weird, I had to sit somewhere else, a lady then sat beside him I was freaking out staring at hear bearing that stench

  11. Very interesting that all of the bad comments from people regarding that they live in Madrid, are from catalans who never visited Madrid and are just jealous because it's overrated Barcelona is less famous than Madrid now. They just hate all that sounds spanish, and want to discredit Madrid with false experiences that "they had". I lived in Madrid since I was born. I've never been robbed nor seen dangerous homeless people or drug addicts. It's the safest city in Spain to walk during the night (not a single reported sexual assault unlike other spanish cities) and everyone will be very friendly with you if you need help or anything else. The public transportation is one of the best in Europe, fast, cheap and reliable. So if you are visiting Madrid, don't mind looking for a car rent, or even a taxi or uber. Just go by metro or bus.

  12. The map of Spain at the beginning (0:33) is at least insulting when not offensively ignorant. Pretty much every regional border was wrong. Imagine fusing together VT, NH, MA and NY, then CA with AZ, NM and TX… Won't bother watching what's left of the video… Shame on Bloomberg

  13. I've travelled to many cities in Europe but the city i love coming back to the most is Madrid, it's my home away from home. Love the blend of architecture, modern infrastructure, climate and the nearby snow capped mountains. I love the outdoors and i love Madrid!

  14. Was there again 2 weeks ago. Madrid is by far one of the places in Europe, if not in the world, to live atm for sure and for many reasons. Madrid mola mucho!

  15. What a consumerism and superficial demonstration of a city that's contented of museums and arts, sounds like a tourism ad, but a lousy one.

  16. They struggle for such a short time,how lucky is it comparing to SE Asian countries after the Asian Financial Crisis and Great Depression

  17. Guys, your map of Spain (0:34'') misses one internal demarcation — the one between West Castille-La Macha with Extremadura

  18. Returned from Madrid last month and it’s only in certain areas that you see this. This is a documentary to bring tourists toMadrid as it only tells you one side.

  19. The whole of Spain economy and society is going to boom after the next elections, once the dirty reds are kicked out of the Moncloa.

  20. The video was ok until i watched flamenco in the last 20 seconds. People must know that flamenco is a traditional art from the south of Spain above all from Andalucia. If you want to enjoy a traditional outfit and dancing in Madrid you have to see a chotis.

  21. Feel in love with Madrid bc that's where I met the love of my life, but then unfortunately I had to leave and come back home 😞

  22. Having travelled a lot Madrid is honestly my favorite city to live in (second to Tokyo I gotta say) It's got everything you need for quality of life

  23. That is to say, now that we have a communist mayor who is doing everything possible to destroy the economy of the city is when we are better. really fantastic analysis. Starting with the title, Justice, what the hell is that? A video game where you have to shoot some churritos.
    A now we feel optimistic;now!.when the mayor has been preventing the construction of projects and thus the creation of jobs, when the mayor closes the terraces of bars and puts absurd laws, when it closes the entire city center,preventing businesses in this area from thriving.
    JUSTICE! Coming soon in all platforms

  24. Being unemployed in an Anglo Saxon country like UK USA etc is way harder then in Spain. Unemployment in Spain is totally overrated. Sucks how they always talk about crisis and unemployment when speaking about Spain. This Bloomberg video is rather bad advertising for Spain. Who paid you for this Bloomberg, Maduro? Erdogan?

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