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XimoPuig

Spanish economy 28th September 2022

The Valencian President Of The PSOE Disregards Sánchez; Also Cuts Income Tax, Like The PP

The president of the Generalitat Valenciana, Ximo Puig, plans to save 150 million euros (3.6% of tax revenue) for 1.34 million Valencian taxpayers (97.4% of the total) with a retroactive reduction in personal income tax, an increase in the minimum exemptions and a 10% rise in all regional tax deductions. The reduction is more ambitious than the PP’s deflations, very focused on reducing wealth, and contrasts with the Treasury’s refusal,…

spain tax collection

Spanish economy 22nd September 2022

Spain Leads OECD In Raising Tax Burden As Government Considers Higher Taxes

Spain is the country of the 34 that make up the OECD in which the tax burden is increasing the most. In 10 years, tax revenues have risen from 31.3% to 36.6% of GDP. According to the latest report published on Wednesday by the Organisation for Economic Co-operation and Development, which brings together the most advanced economies on the planet, the tax burden grew by 1.9 percentage points in 2020…

Japan PM

Relevant News Item 16th September 2022

Shinzo Abe’s Economic Legacy: A Glass Half Full

Alicia García Herrero (Natixis) | The assassination on 8 July 2022 of Japan’s longest-serving prime minister Shinzo Abe was one of the most shocking and saddest events in contemporary Japanese history. Abe had surprised Japanese citizens with his sudden health-related resignation in 2020. His resignation opened the way for Japan’s then foreign minister, Fumio Kishida, to win Liberal Democratic Party (LDP) support and the November 2021 general election, to become…

Inflation

World economy 13th April 2022

What The US Inflation Data Says

Simon Harvey, Head of FX Market Analysis at Monex Europe | On the one hand, core inflation moderated in March with a sequential slowdown from 0.5% m-o-m to 0.3% m-o-m, while on the other hand, headline inflation beat expectations. Headline inflation rose by 1.2% month-on-month, in line with expectations, while the annualised rate exceeded expectations by 0.1 percentage point to 8.5%. The slowdown in the month-on-month core CPI to the…

capital energy auction

Spanish economy 16th February 2022

The Frantic Pace In The Renewables Sector Goes On: ICO Also Invests In It Through Its Venture Capital Fund

Renta 4 | The private equity fund of the Spanish public credit institution ICO, Axis, has commited to invest 30 million euros in Everwood Renewables Europe V FCR, the fifth clean energy investment vehicle raised by the management company Everwood Capital. The European Investment Fund, part of the European Investment Bank (EIB), has also entered into this investment. In December, the European Union body pledged to invest 50 million euros….

world naranja

World economy 29th December 2021

2022 To See Monetary Decoupling Between West And East

Alicia García Herrero (Natixis) | This has not been an easy year despite the strong fiscal and monetary support to Covid-struck economies, especially in the Western world. Such support has allowed the North American and European economies to grow above potential amid repeated waves of Covid-19 and related mobility restrictions even if less severe than in 2020. On the other hand, the emerging world has grown below potential this year…

inflation rises

Relevant News Item 23rd June 2021

We Need To Talk About Inflation

José Ramón Díez (CaixaBank Research) | While expected, the rise in inflation is causing discomfort due to the high levels that have been reached and the risk of it persisting at those levels for longer than desirable without investors being startled. The key is whether we are faced with an economy that is simply skidding around as it seeks to accelerate from 0 to 60 in a short time, in which case inertia will allow it to easily regain stability; or, on the contrary, overheating caused by an excessively expansive demand-focused policy could test the strength of the economic engine.

consumption recovery 1

World economy 26th January 2021

Is Inflation Coming Back? Three Routes To Higher Prices

Keith Wade (Schroders) | Some investors are growing worried that inflation is set to rise. How worried should investors be? Is there something unique about the Covid-19 shock which makes inflation more likely? We can see three areas of concern that could be routes to higher inflation: it could already be higher, it is just not being measured properly; the build up of liquidity could represent latent demand translated into inflation and the adverse structural effect of Covid-19.

 

 

 

china industry

World economy 20th January 2021

China: 2021 GDP Growth To Bounce Back To 7.5%.

Jinyoue Dong & Betty Huang (BBVA Research) | Vaccination, accommodative monetary policy with “no sharp turnaround”, possible alleviation of China-US tension under Biden’s presidency and deflationary environment give Chinese authorities a chance for a short respite in 2021.

inflation course

In the World, World economy 8th December 2020

What About Inflation? When It Will Come?

José Ramón Díez Guijarro (Bankia Estudios) | In the more recent past, the central banks have had enough to deal with trying to combat the risk of deflation linked to the structural changes of recent decades: globalisation, ageing population, digitalisation, etc. And now, practically without any solution of continuity, they have to face a crisis which may lead to new permanent “shocks” in inflation. These would derive from changes in the consumption patterns and from the accelerated digitalisation process. Or from the intensive use of non-conventional monetary policy measures.