Julia, Author at The Corner

Articles by Julia

World economy, World politics 6th March 2023

China’s 2023 Government Work Report: Safe growth target contrasts with bold employment objective

Alicia García Herrero (Natixis) | Against the backdrop of the recent reopening after three years of zero-Covid policies, the Chinese government, in the last government report of Prime Minister Li Keqiang during the Two Sessions, has set a GDP growth target of around 5% in 2023. Such a target is lower than our growth forecast of 5.5% for 2023, and lower than last year’s government target (5.5%). This is somewhat…

Spanish economy 5th January 2023

Spain: Meat and fish consumption plummets by almost 15% as prices rise sharply

Nothing like this has ever happened before since statistical data has been available. The sharp rise in food prices has caused an unprecedented drop in food consumption in Spain. Between November 2021 and the same month last year, sales fell by 8.8% in volume and by up to 2.5% in value. But, asks the daily El Economista, are the Spanish really eating less as a result of inflation? According to…

Spanish Politics 15th December 2022

César Antonio Molina, former PSOE minister: “Sánchez is not a socialist, he is an autocrat”.

The digital newspaper El Debate publishes today an interview with Cesar Antonio Molina, Minister of Culture in the PSOE government of José Luis Rodriguez Zapatero. Q -It has come to our attention that several former PSOE ministers and deputies, both from the time of Felipe González and from the time of José Luís Rodríguez Zapatero, have signed a manifesto against the President of the Government, Pedro Sánchez, who is also…

In 2017 global sales of electric cars surpassed the 1-million-unit mark

Spanish economy 25th October 2022

Electric Car: Of The 2.975 Billion Euros Announced By The Government, Only 877 Million (30%) Has Been Allocated

The President of the Government, Pedro Sánchez, has announced the launch of a second call of the PERTE for the development of the electric and connected vehicle (EV) after the failure of the first call, where only 877.2 million euros out of a total of 2.975 billion euros have been allocated. Even so, the final figure is higher than the provisional resolution, where 600 million euros were earmarked. Initially it…

Spanish economy 18th July 2022

Iberdrola Inaugurates Europe’s Largest Hydroelectric Giga Battery In Tamega (Portugal)

The Prime Minister of Portugal, António Costa, accompanied by the Chairman of Iberdrola, Ignacio Sánchez Galán, inaugurated on Monday the Tamega hydroelectric giga battery (Portugal), the largest project of its kind in Europe, with an investment of more than 1,500 million euros. The Alto Tamega hydroelectric complex is made up of three dams and, thanks to its reservoirs and, thanks to its reversible pumping capacity, it is capable of storing…

World economy, World politics 8th July 2022

Indonesia | An Economic Rebound Is Underway And Sectors Have Recovered, But Downside Risks Persist

Crédito y Caución (Atradius) | In his second term, President Joko Widodo has continued to tackle economic reforms, such as infrastructure improvement to support the manufacturing sector and digital economy, reforms of the labour market and foreign investment rules. However, some key elements of his policy agenda remain contested due to vested interests. While Widodo has broad support in the House of Representatives, the wide range of political groups in…

European economy 1st June 2022

Feijóo Assures Von der Leyen He Will Assume Sánchez’s EU Commitments

The new leader of the Partido Popular (PP), Alberto Núñez Feijóo, has promised the President of the European Commission, Ursula von der Leyen, to fulfil “all the milestones negotiated by the Spanish Government” for the receipt of the Next Generation Funds, “even if Pedro Sánchez does not inform us of anything”. The meeting between the two focused “on Spain’s economic issues”, a serious concern for the PP and Brussels, since…

European economy 27th May 2022

Portugal: In Q1 2022, GDP Exceeded Its Pre-COVID Level By 1.2%

Caixabank Research | Surprisingly, GDP grew by 2.6% quarter-on-quarter and by 11.9% year-on-year thanks to the strength of private consumption and the recovery in tourism. This result suggests that our current forecast for GDP growth for the year as a whole (4.2%) may prove to be too conservative. However, given the risk of a deterioration due to the impact of the conflict in Ukraine and the cooling of demand from…

Spanish economy 24th May 2022

Government, Trade Unions Agree On Record Offer Of Public Employment, With Almost 30,000 Vacancies

The Ministry of Finance and Public Administration reached an agreement with the trade unions on Monday to launch the largest public employment offer in the history of the General State Administration, with 29,578 vacancies. As reported by the Independent Trade Union and Civil Servants (CSIF), the General Union of Workers (UGT) and Comisiones Obreras (CC.OO.), the negotiated offer does not include the State Security Forces and Corps, the Armed Forces…

Spanish economy 19th April 2022

Spain Has Executed Less Than A Third Of The European Recovery Funds, Some 6.5 Bn Euros, According To FEDEA.

FEDEA (Fundación de Estudios de Economía Aplicada) analyses existing information on the implementation and execution of investment projects and aid programmes included in the Recovery Plan (RP) and financed by the EU’s Recovery and Resilience Mechanism (RRM). So far, programmes and projects representing about one third of the planned expenditure have been launched, but with significant differences between headings. Of the 24 billion of RRM funds budgeted for 2021, 20…

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