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Articles by The Corner

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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.
Spains productivity

European economy 2nd July 2020

Productivity Is Stagnating In Europe; In Spain It Is Counter-Cyclical

Matilde Mas (Funcas) | Since the beginning of the 21st century, productivity growth has experienced an almost generalized slowdown, albeit of unequal intensity, in most developed countries. And this is despite the accelerated process of innovation accompanying the Fourth Industrial Revolution. It is the phenomenon known as the productivity puzzle. Among the large EU-15 countries – Germany, France, Italy, Spain and the UK – the general pattern has been a slowdown in labour productivity since around 2005.

gold can be considered a sound currency, as the "ultimate means of payment".

Markets, World economy 1st July 2020

The Gold Rally Continues

Carsten Menke, Head Next Generation Research, Julius Baer | The gold rally continues. Prices pushed higher yesterday, approaching USD 1,800 per ounce for the first time since 2011. Looking back, there were just 26 days in gold’s history on which it traded above that level, almost all of them occurring in August and September 2011, i.e. during the eurozone debt crisis. Holdings of physically backed gold products, our preferred gauge of safe-haven demand, recorded 95 tonnes of inflows in June, taking the year-to-date total to more than 710 tonnes. These are the biggest inflows ever. 

Spain ratings

Spanish economy 1st July 2020

Spain Ends 1H20 On The Verge Of Recession With Structural Reforms And Fiscal Changes On the Horizon

Yesterday, it was confirmed the historical collapse of Spanish GDP: it declined 5.2% until March due to Covid-19, its biggest quarterly fall recorded in the historical series. With a contraction of the activivity in the second quarter greater than that in the first taken for granted, Spain is facing a recession. In this context, the Bank of Spain argues that the only way to bring the country’s accounts back under control after the pandemic will be the combination of fiscal adjustment and structural reforms. 

renewables toreras

Spanish economy, World economy 30th June 2020

BofA: “We stay overweight France, Spain and Italy.”

BofA Global Research | We stay overweight France, Spain and Italy, as they should benefit from a continued rebound in PMIs. We raise the UK to marketweight after the recent undershoot. We remain marketweight Germany, as it discounts much good news. We are underweight Switzerland, as it tends to underperform when improving growth momentum lifts bond yields.

Colonial

Markets, Spanish Small & Mid Caps 30th June 2020

Office rentals Socimi Colonial Recorded No “Significant” Rental Defaults In April And May

Colonial has limited the impact of the coronavirus crisis to 2% of the total rent it charges for its office buildings. Depending on how the situation evolves, this percentage could rise to a maximum of 6% for the year as a whole, according to chairman Juan José Brugera. This rate is equivalent to about 21 million euros, in virtue of the 352 million euros in rental income recorded in 2019.

David Edgerton

Interviews 30th June 2020

David Edgerton: “Joining Europe Meant Liberalising The British Economy And That Hasn’t Changed In 50 Years”

Tristan de Bourbon (London) | “The United Kingdom joined the European project because the elite wanted to return to a much more open economy, to liberalise the British economy. They also discovered the United States would never treat the United Kingdom as an equal and would remain protectionist,” explains David Edgerton, Professor of History at King’s College London and author of the recent book The Rise and Fall of The British Nation, where he analyses the ideology behind the government’s action.