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Spanish economy

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Spanish economy 8th June 2019

Spain remains the outperformer in Europe

Morgan Stanley | The European Commission announced the end of the EDP (excessive déficit procedure) for Spain. This is good news but already expected by the markets. With growing risks in the rest of Europe, our analysts believe that Spain will remain the macro outperformer over the next few quarters thanks to its good fundamentals, with a gradual relative improvement in public finances, reducing debt and the deficit below 3% (the main reason for ening the EDP).

Spain construction

Spanish economy 7th June 2019

Spain: workers living in poor households increase

Olga Cantó Sánchez via The Conversation | In many developed countries inequalities in income and economic poverty has increased over the last four decades. Studies of the issue link this progressive increase to the lack of improvements in social policy to correct the growing economic vulnerability of broad sections of the population, which suffer from precarious work linked to temporary and part-time employment and low wages.

 

pensions spain

Spanish economy 4th June 2019

How much does it cost to update pensions in Spain in line with inflation?

Ángel de la Fuente (Fedea) | One of the most controversial aspects of the 2013 reform of the Spanish system of public pensions has been the introduction of a revaluation index (the so-called IRP) which linked the updating of pensions, once triggered, to the financial situation of Social Security, thus abandoning the traditional reference to inflation measured by the consumer price index (CPI). Given the measure´s unpopularity, once inflation recovered after the crisis, it did not take long for it to be provisionally suspended. Currently, there seems to be a broad consensus among the main politically parties to abolish it altogether, returning to the general indexing of pensions to the CPI.

Spain's government

Spanish economy 27th May 2019

Spain looks for another consensus in the centre

Fernando G. Urbaneja | Spanish electors closed on Sunday an intense electoral cycle, opened 5 years ago, under the impact of the great recession and technological uncertainty, which sketches out a new political map for the fourth country in the European Union.

Tourism spending in Spain

Spanish economy 16th May 2019

Spain’s inflation takes off thanks to Easter tourism

The Consumer Price Index (CPI) in Spain rose 1% in April compared to the previous month and raised the yoy rate by two tenths to 1.5%, its third consecutive increase since February and its highest level since last November, according to the definitive figures published this Tuesday by the National Institute of Statistics (INE), which coincide with those advanced at the end of last month.

Spain has highest proportion of contracts of 6 months or less

Spanish economy 16th May 2019

Inequality is not Spain’s problem. Unemployment is

Miguel Navascués | The winner of the recent elections, Pedro Sánchez, defined his objective in the previous debates with great precision: to end the increasing inequality in Spain. But inequality is not the main problem in Spain, it does not even have the nature of a problem. To begin, it is not increasing.

The second economic transition for Spain

Spanish economy 13th May 2019

Spanish Economy: Worrying background music “ma non troppo”

Joan Tapia ( Barcelona) | The Spanish economy is doing somewhat better than expected, but both the slowdown and the extent to which governability depends on Podemos are worrying. We have spent weeks talking about the slowdown, but in the end GDP growth for the first quarter was 0.7%, compared to 0.6% in the last quarter of 2018 and 0.5% in the quarter before that.