The Secretary of State for Finance, Inà © s Bardón, has advanced this wednesday that they will be established “additional requirements” to enjoy the tax benefits of the ‘sicav‘, such as requiring shareholders a minimum participation of 2,500 euros, for which powers will be granted to the Tax Agency to verify said requirement. This is […]
Tag: START
The economic rebound in 2021 will be less than previously expected at 4.2%
The economic rebound in the eurozone is expected to be less than previously expected, at 4.2% in 2021, after a 7.8% recession in 2020, according to the economic growth forecasts of the European Commission on Thursday. Economic growth in the third quarter is estimated at 3%. Key takeaways summarized by Reuters: “The eurozone will contract […]
Kutxabank closes the third quarter with 160 million benefits, 40.1% less, but allocates 277 million to endowments
The group Kutxabank has obtained at the end of the third quarter of 2020 a net profit of 160 million euros. This is 40.1% less than in the same period of 2019, but in the first nine months of the year, the group has allocated to endowments 277.4 million euros, 146 million more than in […]
The economy shot up 16.7% in the third quarter but the second wave already threatens a new slowdown
The Spanish economy soared by 16.7% during the third quarter of the year, which, as with almost all economic (and not just economic) data during the pandemic and the coronavirus crisis, is a figure never before observed. In year-on-year terms, that is, compared to last year’s situation, the variation in Gross Domestic Product (GDP) “stands at 8.7%, […]
China prepares for its great leap forward in pursuit of self-reliance
For four days, the most powerful people of the second world power have met in a hotel west of Beijing to decide the future of the country. Although the hermetic inner doors of Chinese politics were closed again. It is not known whether there have been internal disagreements in the debates. And only a few […]
The New York Fed’s Nowcast model points to a GDP of 3.2% in the fourth quarter after this week’s data
The US economy is expected to expand 3.2% in the fourth quarter, as the latest Nowcasting Report from the Federal Reserve Bank of New York showed on Friday. Key comments from the press release: “The Commerce Department’s advanced estimate of real GDP growth for the third quarter of 2020, released on October 29, was 33.1%. […]
The Atlanta Fed’s GDPNow model points to 2.2% growth in the fourth quarter
Gross domestic product real GDP in the United States is expected to grow by 2.2% in the fourth quarter of 2020, the latest GDPNow report from the Federal Reserve Bank of Atlanta showed on Friday. “The initial estimate of real GDP growth for the third quarter published by the US Bureau of Economic Analysis on […]
Personal income and spending rise more than expected in September
The personal income and expense report rose more than expected in September, but it did not have an impact on the dollar in the market, nor the bags. The personal expense rose 1.4% above the 1% market consensus. For his part, personal income rebounded 0.9% after August’s 2.5% drop, beating the average analyst estimate of […]
Economy grows 1.2% in August, exceeding expectation of 0.9%
The growth report of Canada August showed better than expected figures, however the loonie was practically not impacted. GDP grew at a rate of 1.2% in August, exceeding the expectation of 0.9%In July, growth had been 3.1% (revised from 3.0%). The preliminary estimate for September is marking a rise of 0.7%. At the same time […]
Preliminary GDP for the third quarter grows by 12.7%, while the October CPI falls by 0.3%
The Gross Domestic Product preliminary quarter-on-quarter of the euro zone has shown a 12.7% rise in the third quarter of the year, above the 9.4% forecast, notably improving the decrease of 11.8% in the previous quarter. This is the largest rise seen by the indicator in its history. Year-on-year GDP has fallen 4.3%, moderating the […]