Business News & Financial News

Spanish economy 8th June 2023

OECD raises economic forecasts for Spain: 2.1% in 2023, 1.9% in 2024

BancaMarch: The Paris-based organisation expects Spain to grow by 2.1% in 2023, improving its forecast for the country by up to four tenths of a percentage point compared to the previous report and in line with the government’s expectations. Looking ahead to 2024, the OECD also raises its forecasts, from 1.7% to 1.9%, although here it is below the executive’s forecast (+2.4%). With these forecasts, Spain will be the large…

European economy, In Europe 8th June 2023

Corporate lending significantly higher in Germany (+7.9%) and France (+6.6%) than Italy (-1.5%) or Spain (-0.6%).

Santander Corporate & Investment : Rising interest rates continue to take their toll on bank lending in the eurozone, as shown by the ECB’s data on lending to the private sector in the eurozone published last week. It confirms the progressive slowdown in bank lending to +3.5% year-on-year in April vs. +4% in March and a peak of +6.5% in September last year, thus approaching its pre-pandemic levels of +3%…

World economy 8th June 2023

ACS subsidiary to build next Buffalo Bills stadium in New York State for $1.5 billion

The US construction company Turner, a subsidiary of the ACS Group, chaired by Florentino Pérez, will be in charge of building what will be called the New Highmark Stadium, the new home of the Buffalo Bills American football team. It will work in consortium with the local Gilbane Building Company and the construction budget is close to $1.5 billion, according to the newspaper 5Días. The Bill’s future home, which they…

“Even small entities can now have systemic consequences”

Pablo Pardo (Washington) | “Even small entities can now have systemic consequences” says Margaret Franklin, presidente and CEO of the CFA Institute. In the English-speaking world, the acronym ‘CFA’ is often the first step towards serious entry into the financial sector. CFA’ stands for ‘Chartered Financial Analyst’, a qualification held by some 200,000 people worldwide and obtained through an examination administered by the CFA Institute. The CFA, chaired by Margaret…

Carlos Delclaux: “Europe has busied itself with giving lessons… but it has grown very fat with contentment”

Veronika Grimm: “the high costs of fossil energies represent a stimulus to accelerate the transformation towards renewable energies”

Lidia Conde (Francfort) | Veronika Grimm (Rendsburg, Germany, 1971) sits on the German Federal Government’s Advisory Council of Economists, which analyses the country’s economic development on the basis of scientific criteria and publishes a report every autumn in which it expresses its analyses and forecasts. Following its opinion, the government in turn responds to the council’s recommendations. Now, Grimm predicts that the economy of the continent’s leading power will shrink…

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