All the figures and statistics related to education in our country paint a picture which is not just bad, but catastrophic…For example, the number of young Spaniards who don’t even have a high-school education, 35%, is double the OECD average.
Investments in the global energy sector during 2016 totalled 1.7 billion dollars (1.5 billion euros), equivalent to 2.2% of global GDP, but also representing a 12% decline compared with a year earlier. This is the second consecutive annual drop
In the US and other parts of the world a phenomenon has occurred which partly explains the differences in income: the different levels of success which different companies have. But it seems that companies were more uniform in the past. The salary differential happened within a company and could be translated into expectations of promotion or a better job like in the age of the “American dream”.
International organisations and the leading research departments are revising their growth forecasts upwards for the Spanish economy for this year and 2018. But at the same time, they note that Spain’s recovery is not reaching most wage earners.
Spain’s competitiveness increased in the third quarter compared to other eurozone and OECD countries, with consumer prices indices as a reference, according to the Competitive Trend Index compiled by the Ministry of Economy, Industry and Competitiveness.
It’s not even four months since the UK referendum on remaining in the European Union, resulting in the successful vote for what is known as Brexit. The questions on which Great Britain wants to base its exit negotations from March 2017 are being able to maintain all the advantages of an EU member, like the freedom of movement of goods and capital, while still controlling its own borders.
According to forecasts from The Organisation for Economic Co-operation and Development (OECD), Spain’s labour market will be amongst the top performers in the “Club of the rich countries,” registering the biggest advance in terms of employment in 2016 and overcoming the negative trend seen during the crisis. The international institution warns that a new recession could take Spain by surprise without having recovered all the jobs lost in the crisis.
The jobless rate in the Organisation for Economic Co-operation and Development (OECD) remained stable in February compared to January at 6.5% of the active population. By regions, the Eurozone had the highest unemployment rate at 10.3%.
Francisco López |The OECD has once again downgraded its outlook for global growth, especially for the Eurozone. It will only grow 1.4% this year, almost half a percentage point less than the previous forecast in November. But is the downwards revision the result of the sharp drop in share prices, or is it the stock market which is in fact anticipating that growth will slow in the coming months?
On November 30, the 21st Conference of Parties (COP21) started in Paris. After almost 20 years of climate talks, it is hoped that the international community will finally agree concerted action to tackle climate change. A good COP21 will mean that the Sustainable Development Goals are taken more seriously.