Spain tourism GDP

Exceltur says Spain’s tourism GDP could reach €135 Bn in 2022, €41 Bn over 2021; but still €19 Bn below 2019

Banco Sabadell | Exceltur has published its forecasts for 2022, flagging that it expects a strong recovery in Spain from the month of April. According to the tourism lobby, it expects the GDP contribution from tourism in Spain to reach 135 billion euros. This is 41 billion euros over 2021, but still 19 billion below 2019 figures. Whatsmore, the lion’s share of companies surveyed expects to recover 2019 revenue levels…

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Iberdrola wins 3 large scale projects with 7.000 MW in Scotwind, the biggest UK offshore wind auction

Bankinter | Iberdrola has won the lion’s share in the offshore wind auction in the UK, known as Scotwind. The Spanish power company will develop three large scale projects: two of them with floating technology, which they will develop in collaboration with Shell and the third on a fixed structure. The total amount of power awarded to Iberdrola in this auction is 7.000 MW. The areas adjudicated are: Marram Wind,…

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china central bank

Q4 GDP Enough To Set China’s 2021 Growth Above The 8% Benchmark But With Challenges Ahead For 2022

Alicia García Herrero (Natixis) | Chinese economy has rebounded by 8.1% in 2021 after slumping to 2.2% in 2020. While the Q4 year-on-year growth rate was lowered to only 4%, the current growth momentum was still positive as the QoQ growth rate (seasonally adjusted) have accelerated to 1.6% in Q4 from 0.7% in Q3. However, there are signs that the Chinese economy is facing increasing challenges, raising questions on whether…

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mauricio claver

“There Are Companies That Have Left Latin America Because Of Currency Risk. We Offer Hedging To Eliminate It”

Pablo Pardo (Washington) | Since October 2020, the largest development agency in the Americas, the Inter-American Development Bank (IDB) has had at its helm a person who grew up in Madrid, Mauricio Claver-Carone, the first American to head the institution. He was director for the Americas at the National Security Council during Donald Trump’s presidency. And Claver-Carone has set himself the goal of making Latin America accelerate its growth, making…

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“ESG Standards Platform To Be Ready In 2022” Says IOSCO Secretary General

Fernando Rodríguez (Emisores) | Irishman Martin Moloney is the new Secretary General of IOSCO (International Organisation of Securities Commissions), which brings together 130 supervisory bodies of the world’s most important stock exchanges. The organisation has accelerated its work so that next year investors will have a global platform or baseline with which to operate safely in the variegated and confusing world of ESG products and standards. Q: IOSCO supports a…

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