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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.
The Bank of Spain

Spanish economy 31st January 2020

The Bank Of Spain Warns Pension Spending Will Grow By 5% Of GDP By 2050 If 2013 Reform Is Suspended

Spain’s central bank highlighted the need for structural changes in the public pension system to ensure its long-term viability, while warning against the reversal of those already made. According to a simulation exercise presented by the entity, the revaluation index introduced after the 2013 reforms, which decoupled the rise in pensions from CPI, was the main reason behind lower pension expenditure.

Brexit update: The exit is only the beginning

European politics 30th January 2020

Brexit Update: The Exit Is Only The Beginning

Julius Baer | Although the UK will most likely officially exit the EU tomorrow, this exit will mostly be formal. The withdrawal agreement only defines the terms of divorce, limiting immediate disruptions, but says little about the future trade relationship between the UK and EU. The so-called ‘Political Declaration’, a 26- page sketch of the future trade relationship alongside the with- drawal agreement, but not legally binding, defines a so-called ‘transition’ or ‘implementation’ period from the date of Brexit until the end of 2020.

coronavirus china

World economy 29th January 2020

2003 SARS Cut China’s GDP By 1.1%, But Spill-Over From Coronavuris Would Be Bigger

Most economists were probably expecting a fairly easy ride at the beginning of 2020. However, unforeseen exogenous events such as the outbreak of China coronavirus are standing in the way, generating a high level of uncertainty. In the opinion of Gilles Moëc , Chief Economist at AXA IM, that now ” economic policy could be on autopilot is not very consensual”.