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May 5, 2020
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.
April 20, 2020
The Chinese government has announced that its GDP has fallen by 6.8% YoY in the first quarter of 2020. The reduction is slightly more than expected and is a result of the unprecedented economic turbulence caused by the COVID-19 outbreak in the country.
January 28, 2020
The ranking in the growth of 2019 remains unchanged: Madrid, Murcia, Castilla-La Mancha and Navarra would have led the progress of the activity the previous year. Forward, the centre would continue to lead the dynamism.
January 9, 2020
It is time to recapitulate what 2019 left us and what we should focus on in 2020. The year that has just ended left us in terms of the global economy great episodes of volatility marked by commercial issues but also by eternal political-economic novels such as Brexit.
December 30, 2019
Mexico, Canada and US have reached an agreement to renew the North American Free Trade Agreement (NAFTA) entered into 25 years ago and which president Donald Trump promised to renegotiate during his electoral campaign. It's important to remember that an understanding had already been reached in December of last year.
December 30, 2019
In The Godfather movies, you can never cease to be surprised at the feeling you get that when the main character knows more than you. That he is one step ahead. This is what Al Pacino makes quite clear when he tells his brother Fredo: “I know it was you” (who betrayed me.)
October 18, 2019
More evident negative effects of worsening global demand and uncertainty on exports and investment explain the downward revision of growth in 2020. Further monetary easing and slightly expansive fiscal policy could help to halt deteriorating confidence and to underpin spending, with increasing divergence across countries.
April 15, 2019
We revised slightly to the downside the growth of 2019 to -1.2% due to the prolongation of the monetary astringency, maintaining the vision of a positive quarterly growth since 1Q19. Inflation will fall more gradually than expected, reaching 35% YoY due to the volatility of the exchange rate and the higher indexation of the economy.
March 6, 2019
The economy of the Balearic Islands would have grown by 2.4% in 2018, is expected to advance by 2.2% in 2019 and moderate to 1.7% in 2020, linking seven consecutive years of economic recovery, with an average growth of 2.8% annually. This will add around 33,000 new jobs between the end of 2018 and 2020 and the unemployment rate shall drop to 9.5%.
February 1, 2019
The currency crisis of 2018 derailed both the gradual fiscal approach and the inflation targets, and drastically changed the 2019 outlook. The key questions are whether there be a turnaround in activity and inflation, and who the next President will be.
