BBVA Researh estimates that the Balearic economy will fall by 20% in 2020 due to the uncertainty and the effects of the health pandemic, but estimates that it will be the community that will grow the strongest in Spain next year, with 10.5% GDP growth in 2021, above the national average of 6%. The Eastern […]
Tag: Macroeconomy
Pfizer and BioNTech Vaccine Deliveries Could Begin Before Christmas
After the company Pfizer Inc announced on Wednesday that the Covid vaccine it developed with BioNTech showed 95% efficacy in the final phase 3 trial, BioNTech CEO Ugur Sahin told Reuters that the Vaccine deliveries could start before Christmas. Featured statements: “If all goes well, you could imagine we get approval in the second half […]
Travel restrictions will not be lifted on December 1
Travel restrictions will not be lifted on December 1, he reaffirmed Tuesday. the French Minister of Health, Olivier Véran, even after acknowledging that “we are in a phase where the pandemic is subsiding.” Additional comments “We are regaining control over the virus situation.” “But it is too early to claim victory.” “The virus is circulating […]
Tedros Says World Shouldn’t Be Complacent After COVID-19 Vaccine News
Commenting on the promising results of Moderna’s COVID-19 vaccine, World Health Organization (WHO) Director General Tedros Adhanom Ghebreyesus told a news conference on Tuesday that there were “many questions” and that it was not the time for complacency, as reported by Reuters. “While we continue to receive encouraging news about vaccines for COVID-19 and we […]
Merkel says coronavirus cases are not falling as fast as they hoped
German Chancellor Angela Merkel said Tuesday that “coronavirus cases are not falling as fast as we expected“, and has added that”the economy will recover if we keep virus numbers low“. He has also added that “virus data is too high, contacts need to be reduced“. Earlier in the day, Merkel’s chief of staff, Helge Braun, […]
Germany to decide next week on new December restrictions – Bloomberg
According to reports Germany is evaluating plans to decide on possible December restrictions next week, Bloomberg reports, citing a preliminary document. Outstanding conclusions_ “Germany plans more limitations on public meetings“. “The executive could also do mandatory use of masks in all schools“. Market reaction EUR / USD was down from daily highs at 1.1868 possibly […]
Italy prepares to extend regional blockade beyond December 3: Bloomberg
People say that The Italian government will extend its regional lockdown system beyond the previous deadline of December 3, Bloomberg reports citing unidentified sources. This occurs after Italy recorded the highest daily toll since April. On Thursday, the country recorded nearly 33,000 new infections to reach 1,028,424 in total. Earlier this week, the Deputy Minister […]
The former economic brain of Ciudadanos criticizes the Budgets: “They raise the salary to the most protected jobs”
The former economic brain of Ciudadanos charges against the Government Budget Project for 2021. Toni Roldan has prepared a report for Esade in which it does not give credibility to the forecasts, or to the income and criticizes that the expenses include raising salaries for officials, in line with the Bank of Spain: “The macroeconomic […]
Georgieva cautions that fiscal and monetary support should not be withdrawn prematurely
Amid the resurgence of the coronavirus, global fiscal and monetary support must not be withdrawn prematurelysaid the managing director (MD) of the International Monetary Fund (IMF), Kristalina Georgieva, in a video message to the Caixin Summit in Beijing. Georgieva added that the path to the recovery of the world economy must be based on a […]
Conte says that the national blockade cannot be the government’s first option, the costs are too high
Italian Prime Minister Giuseppe Conte said on Wednesday that the national blockade cannot be the government’s first option, adding that the costs would be too high, Reuters reports citing a local newspaper. Additional comments: “Is prepared to increase the 2021 budget deficit and review the 2020 deficit to fund an increase in compensation for companies […]
