Rafael Domenech (BBVA Research) | Though 2022 should be a better year for GDP growth in the Spanish economy than 2021, the current outlook is also far more uncertain than it was a year ago, due to the appearance of new risks and an increase in existing ones — making forecasts even more volatile. Key points There has been a clear acceleration in recovery over the current year: from a…
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BBVA Reseacrh | Turkish economy grew by 7.4% yoy in 3Q21, resulting in a growth rate of 11.7% in the first three quarters of the year. 2021 GDP growth will likely reach 10.5-11%, beating our current 9.5% forecast. Though, recent currency shock and accompanying tighter financial conditions will likely weigh on the downside for 2022 growth. The quarter-on-quarter growth rate accelerated to 2.7% after growing by 1.5% in 2Q21. Domestic…
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Andrew Fraser (Aberdeen Standards) | They talk, but they don’t do,’ this is how the Queen expressed her frustration with world leaders on the eve of COP26. The same accusation could be levelled at the world’s major banks. They finance the world’s largest companies and have a huge role to play in halting climate change. But the opportunity has yet to be fully grasped. Banks could take a major part…
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Ramón Adell is a board member of a large listed energy company, Naturgy, and several others. Right now, the Spanish business world is partly caught up in a wave of ICO loans and labour market measures such as ERTEs. Q: What effects do you think this bubble has had on the culture and management of companies in our country? A: There is still a certain anaesthesia in part of the…
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Lidia Conde (Francfort) | Herman Simon, founder of Simon-Kucher & Partners, is best known for his 30 books, translated into 26 languages. His works on pricing and price management have become classics in the academic world. According to Manager Magazin, he is the world’s foremost pricing expert. Q: There will probably be a red-green cabinet supported by the Liberals. What do you expect from the new government “in the Chinese…
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