Economic Growth & Inequality

Immigration has been a key factor supporting the growth of the Spanish economy in the wake of the pandemic. The labor market, economic and social integration, and training of immigrants all require priority attention from policymakers.

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Economic slowdown will continue as the authorities are willing to sacrifice short-term growth figures to trade for long-term social equality and carbon neutrality, but it will not turn into either Lehman or Volcker Moment.

There will continue to be support for a low-carbon economy, but considering the short-term impact so that it does not slow down post-crisis recovery. TEST EDITED

On May 22th, in the third session of NPC, Premier Li Keqiang delivered the Government Work Report. The report not only summarized the achievements of China in 2019 but also made a blueprint of every perspective of economic and social development for 2020.

The essential lockdown measures and cessation of economic activity imposed by governments to controlCOVID-19 will have a negative impact on the economy as a whole and, in particular, on households.

Although an early deterioration in the industrial sector was expected due to the early halting of global value chains, the effect on consumption in March seems to be greater than that shown by the retail sales data to date.