exports

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

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.


Spain confronts Brexit: The moment of truth for Spanish companies in the UK

Spain Confronts Brexit: The Moment Of Truth For Spanish Companies In The UK

Today the proposal of the British government will be known, although we do not know it will be a text agreed with the opposition , which insists it will not negotiate unless Theresa May renounces a no-deal Brexit. The UK is the fourth largest destination for Spanish exports. And the main foreign recipient of investment, so a hard Brexit would do significant damage to the country. All Spanish companies with presence in the UK have been discounting complicated scenarios since 2016.


The geographical diversification of Spanish exporters: some yes, others no

The Geographical Diversification Of Spanish Exporters: Some Yes, Others No

Despite the slowdown in Spain’s exports, the number of national companies starting to export and of regular exporters which have been exporting for four years in a row are rising. How strong these exporters are is the question that CaixaBank Research answer analysing the geographical diversity of the destinations to which they export.


Spain’s export map is changing

The Spanish Exports Map Is Transforming

Enrique Fanjul (Real Instituto Elcano) | There has been a lot written lately about the role of the foreign sector as the driver of the Spanish economy’s recovery. There have also been some very interesting academic papers published, which provide us with more details of the new configuration of Spanish exports. The exports map is changing, with non-tourism services an increasingly more important segment.


Germany's motor is greased

Germany: The Motor Is Greased

In total, despite the big recession, the German economy has grown 26% so far this century and, even more importantly, 20% from the minimums of Q1’09. It is currently experiencing one of its best moments since the “V” exit from the big crisis.


Spanish exports lack complexity

The Complexity Of Spanish Exports

Spanish exports have seen solid growth over the past few years. Moreover the range of destinations has broadened and the products exported diversified. However, CaixaBank Research points that there is still one important issue to resolve: the complexity of exports.


The creation of a single deposit insurance is key to finalising financial integration

The Eurozone has geared up

Suprising as it may be, 18 of the 19 members of the Eurozone saw an increase in GDP in Q1’17 with respect to Q4’16. Spain’s GDP improved by 0.6%; Italy managed to grow (0.2%); Germany and France clocked up a 0.4% rise. Only Greece remained in the red. The unemployment rate in the region has officially fallen to 9.6%…there is growth.




Spanish industry

Stop all the lamenting: Spanish industry is really taking off

The latest figures have again confirmed what we have been seeing in the last few quarters: Spain is not only not losing industry at the moment, but in fact this is recovering very fast. In January, for example, Spanish industry’s revenues rose 13.1% from a year earlier, the biggest increase since April 2008.