Publications

For once, what is urgent has become important. The coronavirus crisis is taking priority over everything in the short run and its consequences could be difficult, particularly for the tourism industry.

BBVA Research has analyzed developments in the Valencian tourism sector for a number of years, and seen the important changes that it has undergone. The sector generates around EUR 16 billion per year (15% of regional GDP) and is responsible for 290,000 jobs (15% of total employment).

The prevalence of highly Euroskeptic ideas in the UK throughout the Brexit process has been a constant surprise in Europe and these ideas are an example of how cultural and political biases are sometimes imposed on economic logic.

Christine Lagarde sets off her mandate at the head of the European Central Bank (ECB) with an ambitious goal: completing a review of the monetary policy — the framework that guides the decisions to fulfill her mandate.

The Spanish economy ends the second decade of the 21st century with a GDP growth rate close to its potential and an unemployment rate of 14.3%. During the last three quarters of 2019, GDP has grown at an annualized quarterly rate of 1.6%.

Europe's economic situation is stabilizing following several quarters of deterioration caused by the uncertainties surrounding world trade and Brexit. It seems that there is chance of improvement and that the risk of recession has reduced.

Several days ago, and for the third time this year, the Fed reduced the federal funds rate target range by 25 basis points to a range of between 1.5% and 1.75%. It is very unlikely that it will lower rates again in December.