SPAIN it faces a new economic contraction in the first quarter of the year after the country suffered its worst peacetime crash last year. Data such as the estimate of Gross Domestic Product (START) in real time from the Independent Authority for Fiscal Responsibility (AIReF) indicated so, and that is what the Bank of […]
Tag: economics / macroeconomics
The State Will Have To Assume The Bill Of The Sareb And Will Shoot The Public Debt To 120% Of GDP
The 2012 bank bailout continues to take its toll on taxpayers almost a decade later. Specifically, an invoice for 35,000 million euros that the State will have to assume once the debt maintained by the Company for the Management of Assets from Bank Restructuring (Sareb) is now computed as public debt. This is what Eurostat […]
S&p Maintains Its Rating For Spain But Warns Of A Negative Impact If The Labor Reform Is Reversed
S&P has updated its rating of Spain (A / A-1) although it affirms that its outlook continues to be negative regarding fiscal and structural challenges, also warning that the risks to Spain’s fiscal and growth path persist. Regarding the recovery of the Spanish economy, S&P expects that they will 2019 levels in 2022, as authorities […]
Brussels Launches Its ‘vaccination Passport’: A Free And Universal Qr To Avoid Quarantines And Pcr To Tourists
The idea is quite simple and although the technical development is somewhat more complicated, it does not have enormous difficulties either. The practical application, however, is another story. The European Commission has approved and submitted this Wednesday its proposal for a vaccination certificate or passport, a Green Digital Certificate with which it hopes to resolve […]
The Slowdown Is Accentuated: Funcas Goes From Expecting A Growth Of 0.5% To A Fall Of 0.4% For The First Quarter
The economic recovery expected for 2021 is being asked. If the last Funcas panel predicted that the first quarter of the year would close 0.5% higher -a little better than 2020 closed, 0.4% higher – the situation has drastically changed sign soon. The new Funcas panel now expects the first three months of the year […]
Neither Argentina nor Italy nor South Africa: the OECD certifies that Spain suffered the greatest economic collapse in 2020
Spain suffered in 2020 the biggest economic collapse of all the developed economies in the world. And, also, of many others that are not so. This has been certified by the OECD, an organization that this Tuesday published its new world forecasts and shows that the 11% that Spain’s Gross Domestic Product (GDP) collapsed exceeds […]
35 years and 231,000 million euros, the cost of gender inequality in Spain
If full gender equality existed in Spain, GDP would have been 18.5% higher in 2019 (230,847 million euros more) and now there would be no gap of 35.9% to close. If there were absolute equality between men and women, the gap in conciliation would not be 56%, or 35% in employment or 32% in education. […]
Bernanke, Gertler, Kiyotaki and Moore receive the Frontiers of Knowledge award
The BBVA Foundation Frontiers of Knowledge Award in Economics, Finance and Business Management has been awarded to Ben Bernanke, Mark Gertler, Nobuhiro Kiyotaki y John Moore “for their fundamental contributions to understanding how imperfections in financial markets can amplify macroeconomic fluctuations and generate deep recessions,” according to the minutes of the thirteenth edition of the […]
The European Commission proposes to keep the Stability Pact frozen until 2023
The European Commission has proposed today to maintain the escape clauses of the Stability Pact until 2023. In this way, the rules on deficit and debt would remain frozen until the Community economy recovers. the levels it had in December 2019. The final decision rests with the capitals, but the Eurogroup is expected to make […]
Stock markets accelerate after the bond storm in the markets
March has returned calm and the gains lost by the stock markets in the previous week, thus overcoming the bond storm That set off the alarms a few days ago. The main European markets ended the session with rises close to 2%, driven by the upward influx of Wall Street. Investors seem to interpret, at […]