competitiveness

In Spain 3rd December 2024

Bank of Spain warns: Spain growing due to public spending but losing competitiveness with eurozone due to labour costs

Following the latest and controversial revisions by the National Statistics Institute (INE), Spain’s GDP exceeds the pre-COVID level by 5.7%, compared to 4.2% in the eurozone, thanks to public consumption, as household spending and investment are “lagging”, as the Bank of Spain points out.However, not everything is bright in the progress of the Spanish economy. On one hand, it has lost competitiveness compared to the eurozone as a whole due…

World economy 8th February 2013

China needs more than just exports

China’s economic miracle was possible thanks to three decades of cheap manufacturing and exports. Thousands of workers left their villages to become the cheap labour force of China’s southern cities. Now this is a thing of the past.

World economy 26th September 2012

China and EU: agree to disagree

The European Commission accuses China of subsidising its production at home and selling at an uncompetitive low price in Europe. But these days, China is heavily investing in the Old Continent, and some euro zone governments like Germany favour a soft approach instead of fines.

Spanish economy 12th September 2012

Why Spain’s inflation-linked wages are better than Germany’s

The rule of merely linking wages to productivity would have had the opposite effect, argues economist Jordi Paniagua. Spain’s productivity is counter-cyclical, he points out, and hasn’t stopped growing since 2007.

Spanish economy 31st July 2012

Growth concerns in Spain will sooner or later re-surface

MADRID | Nobody seems to pay much attention to bad news these days. The stock market shows a bullish bias, recovering from the lows it plunged into driven by fears of utter collapse. Yet, recession has intensified its slide, the second quarter showing a 0,4% GDP decrease. With no prospects of redressing the downturn till the middle of next year, at the best, future outlook doesn’t provide much room for optimism….

Spanish economy 19th June 2012

Forget banks and the deficit, Spain must cut down imports

how to get a ex back By Kike Vázquez | www.cotizalia.com | The crisis in Spain is not the consequence of unemployment or of the State deficit. It isn’t even due to the banking sector. These are just symptoms of the real cause. What is the underlying problem, then? In my opinion, it is one single variable: competitiveness. The fact of joining the euro meant a higher effort than expected…

Spanish economy 7th June 2012

Spain recovers 70% of lost competitiveness against the euro zone

Divorce Advice How To Get Over Your Ex During the 15 years of real state boom, prices and salaries in Spain rose drastically, causing a strong loss of national companies' competitiveness. In the last four years, the country has regained 13 of 16 points, which means a 70% of the total, largely because of lower unit labour costs, the financial newspaper Cinco Días said in its Thursday edition. The Bank of Spain competitiviness…

Companies 23rd May 2012

Ferrovial consortium wins Ontario’s Highway 407 East contract

MADRID | Spain’s Ferrovial announced Wednesday that its subsidiary Cintra Infraestructuras, in a 50% consortium with SNC-Lavalin, was awarded the €78-million contract for the first phase of the Highway 407 East project in Ontario, Canada. The group was appointed by Infrastructure Ontario and the Ontario Ministry of Transportation. Phase one of the new highway will extend 22 kilometers east from Brock Road in Pickering, Ontario to Harmony Road in Oshawa, Ontario….

Spanish economy 30th April 2012

Spain contracts but recovers faster than any other euro country

MADRID | After the national office for statistics in Spain confirmed everyone’s suspicions about the country returning to recession, with a -0.3% economic contraction versus expectations of -0.4% , a note from BBVA research team on Spain’s strengths could come handy as a reminder that the #spanic would be still avoidable and this Espan-hole could be safely closed. BBVA analysts explained in its monthly report aptly headlined ‘Leaving stereotypes behind‘ that…

In Europe 27th April 2012

What the euro zone needs: productivity, competitiveness …and patience

By LaCaixa Research Team, in Barcelona | In the years prior to the recession that started in the last decade, in many countries the gradually increasing debt of the private sector allowed for much more intensive economic growth than would have been seen without it. The abrupt appearance of the crisis frustrated this expansion and revealed an excessive level of debt. This debt is now a heavy burden that can counteract…

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