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consumption

Spain devastated

Spanish economy 23rd September 2020

Spain Enters Technical Recession: GDP Falls 17.8% April-June And 21.5% Year-On-Year

The Spanish economy went into technical recession in the second quarter of the year after registering a 17.8% drop in GDP between April and June. This is the biggest quarterly fall in the National Statistics Institute (INE)’s historical series which began in 1970. That said, this decline has been less than was anticipated at end-July. At that point, and in the absence of some data, the INE estimated that GDP would have declined by 18.5% in the second quarter.

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World economy 29th June 2020

Consumption: Support Point For Recovery

José Ramón Díez Guijarro (Bankia Estudios ) | The first weeks of the opening of the economies are serving to gauge the response of consumption, a key variable in determining the profile and intensity of the recovery. In the US, the fiscal programmes for aid to families injected more than 300 billion dollars into disposable income in the second quarter. In Europe, instead of using direct aid as in the US, they have preferred to activate temporary employment suspension programmes (ERTE in Spain, kurzabeit in Germany, etc).

US markets

In the World, World economy, World politics 15th June 2020

The Gap Between The US Stock Market And The Real Economy Has Increased Sharply Due To Covid19

Last week there were sharp falls in the stock markets (-4%/-5% in Europe, -6%/-7% in the US), with the biggest drops since March. In a context of a significant disconnection between prices and fundamentals after the sharp rises from the March lows, which were discounting an unlikely “V” recovery, these downward moves seem logical. Also the upward excesses, which until last week were the protagonists. Our correspondent in Washington, Pablo Pardo, analyses this stock market and economic chaos.

Net wealth of European households lost in the crisis recovered; now is over seven times disposable income

European economy 14th February 2020

Net Wealth Of European Households Lost In The Crisis Recovered; Now Is Over Seven Times Disposable Income

In its latest monthly report, the European Central Bank has published an interesting study on the recent evolution of the wealth of European families.The monetary authority’s objective is to relate families’ net wealth component (assets less debt) to their spending decision. It’s a fact that, in theory,  net wealth accumulated with job prospects are both key for household consumption. In addition, wealth also has theoretical consequences for the design of monetary policy.

The Spanish economy in 2020: things are not looking so bad

Spanish economy 3rd January 2020

The Spanish Economy In 2020: Things Are Not Looking So Bad

Oriol Carreras and Eduard Llorens i Jimeno (CaixaBank Research) | All the indicators suggest that next year will be defined by the same key elements. As we can see in the first chart, to the extent that global growth, and that of the euro area in particular, remains contained, we do not expect to see a significant surge in exports. Therefore, the foreign sector will continue to provide very modest contributions to growth. Moreover, the global environment will remain a source of risk.

During the first quarter, growth was robust in the US and in Spain

Spanish economy 22nd July 2019

Expectations for Spanish GDP growth in 2019 rise to 2.3%

BBVA Research | The recovery of the Spanish economy will continue during the two years 2019-2020. In fact, and despite the risks which still hang over the scenario, growth expectations have been revised upwards one tenth to 2.3% for 2019 and remain at 1.9% for 2020.

supermercadoTC

In Europe 23rd June 2019

Eurozone private consumption will increase after Q2 to 1.4% in 2019

Jean-Christophe Delfim (Edmond de Rothschild ) | Economic growth in the Eurozone was 1.9% in 2018. However, in the last quarter a slowdown was observed to 1.2% yoy, due to the negative contribution of the trade balance (-0.4 pp), as a consequence of the sharp deceleration in exports provoked by international trade disputes.

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In Europe 18th April 2019

Eurozone consumption remains at a good level

JP Morgan| Recently, one of the main questions in investors´ minds was whether the weakness which has extended throughout the global manufacturing sector would damage Europe´s domestic economy, which until now has remained relatively solid faced with negative external factors over the last year.

Carbon emissions

World economy 8th December 2018

Carbon Emissions Will Reach 37 Bn Tonnes In 2018, A Record High

P.Canadell, /C.Le Quéré /G. Peters/ Robbie Andrew/ Rob Jackson via The Conversation | Strong energy demand is behind the rise in emissions growth, which is outpacing the speed at which decarbonisation of the energy system is taking place. Total energy consumption around the world increased by one sixth over the past decade, the result of a growing global middle class and the need to provide electricity to hundreds of millions of people living in poverty.