Arek Sinanian | What will the outcome be of the latest UN Climate Change Conference in Madrid? Have you ever tried walking on a travellator? You know, those moving platforms at airports that help you get to your destination when you are in a hurry or tired, or have a lot of baggage to carry. This is the image I have of the last few Conferences of the Parties (COP) of the United Nations.
José Ramón Díez Guijarro (Bankia Estudios) | The end of the year has served to dismiss some of the doubts that have distorted the decisions of the economic agents during the last months, ballasting the growth rates of the activity. Visibility has improved in the short term, yet uncertainty is here to stay
Ana Isabel González García, CIIA (IEAF) | Adolfo Domínguez S.A.is a small designer fashion textile group, based in Ourense (Spain), specialising (c. 40 years) in the design and sale (both retail and wholesale) of fashion items. With international presence (35% o/revenues), it is managed by the founding family (31% of the capital), which prevails in the Board. After the renewal of the business its effectiveness remains to be tested.
Nick Malkoutzis (Macropolis) | Leaving behind the crisis has also led to somewhat of a rehabilitation in the relationship between Greeks and Europe’s institutions. According to the latest Eurobarometer, whereas trust in the Greek government and Parliament ranges between 20 and 25 percent, faith in the European Parliament stands at 47 percent, falling to 34 percent for the European Commission. Also, 60 percent of Greeks think the euro is good for their country.
Banca March | By 2020, 14 countries of the European Union and the Eurozone will ask their banks to raise their capital buffers, in order to cushion future financial shocks.
M&G | The year 2019 is going to close with strong advances of most of the world indexes, above 20% in Europe and the United States.
Spanish real estate still has growth to deliver. Regardless of global economic slowdown, Brexit or trade tensions, we think the country’s competitive labour market should support one of the highest economic growth rates in Europe. Spanish GDP should grow at 1.7% pa over the next three years vs 1.1% in the Euro area, according to BofA economists.
Morgan Stanley’s Equity Analyst Alvaro Serrano had raised his recommendation of Spanish Banco Sabadell (SAB) to Overweight (OW) in May with the expectation that NPA sales, improvement in Britain’s TSB and a capital near 12% CET1 would improve the visibility of benefits from 2020.
Stephen Chan (Fair Observer) | This is a historic moment for what is now the United Kingdom. What the country will look like after 10 years is up for debate.
A new flat tax in the US, the decline of the US dollar due to the greater influence of Asian economies… All these highly improbable but high economic impact events are called grey swans. The Spanish business association Círculo de Empresarios has put together some of the most relevant for 2020.