The coronavirus has not only cost Spain the lives of 33,204 people, according to the contador maintained by Johns Hopkins University since the pandemic broke out. It has also ruined the country. Here are some of the figures, according to the International Monetary Fund (IMF) statistics published yesterday and today. The crisis will make […]
Tag: economics / macroeconomics
AIReF supports Escrivá’s plan for the self-employed to contribute by their real income
The Independent Authority for Fiscal Responsibility (AIReF) considers it vital “go to a listing system based on actual income” for self-employed workers, that is, defending and supporting the plan of the Minister of Social Security and former president of the organization, José Luis Escrivá. “We say it clearly” AIReF sources point out, adding that […]
German ‘five wise men’ worsen 2020 forecasts and postpone recovery
The economic institutes that advise the German Government, the so-called five wise men, they have corrected their forecasts for this year downwards due to the impact generated by the coronavirus, more sustained and stronger than expected and, consequently, they have delayed the economic recovery over time. In their autumn report, the sages predict that […]
The EU agrees to create a map of risk zones by colors but does not set criteria for mobility between countries
The EU gave the green light this Tuesday to creating a color map (green, orange and red) to differentiate three levels of risk from Covid in the member countries, but has not set common criteria for mobility in areas of higher risk. Spain and several countries requested that tests be prioritized over quarantines. The map […]
The IMF improves its forecasts for the large developed economies with only one exception: Spain
The International Monetary Fund (IMF) estimates that the coronavirus has launched into “extreme poverty“- that is, to live on less than 1 dollar with 61 cents a day – 90 million people, the equivalent of twice the population of Spain. It has caused the greatest crisis in history since the Great Depression that occurred 90 […]
The CPI increased one tenth to -0.4% in September but its sixth month was negative
The Consumer Price Index (CPI) rose 0.2% in September in relation to the previous month and increased its interannual rate by one tenth, to -0.4%, compared to -0.5% August, mainly due to the rising cost of electricity Since the prices of tourist packages fell less than a year earlier, the National Institute of Statistics (INE) reported this […]
The coronavirus will have an impact on the world economy 44 times greater than that of the 2008 crisis
This year alone, the coronavirus will have an impact on the world economy 44 times greater than the financial crisis of 2008-2009. This has been explained by the chief economist of the International Monetary Fund (IMF), Gina Gopinath, at the press conference to present the report of World Economic Outlook, recalling that “the magnitude […]
The Treasury wants to prohibit tax amnesties and limit cash payments between professionals to 1,000 euros
The government wants limit cash payment between professionals and entrepreneurs from 2,500 to 1,000 euros, as well as prohibiting tax amnesties by law. It has already tried to do so as part of the measures included in the 2019 accounts, and now it is doing so again after approving a draft bill that includes these […]