Personal consumption is Spain and the US has begun to slow down at a delicate moment in view of the demanding valuations in the credit market after January’s rally. In this context, and after a new warning from the UK flash PMIs, the second one came on Thursday. The country that accounted for most of the growth in employment in the EU during 1H22, Spain, saw its unemployment rate rise…
Every national and international economic organisation and the most trustworthy research houses agree in predicting a deceleration in the Spanish economy in 2017, due mainly to the slowdown in private consumption.
There is a definite clash between investors and economists over the US economy. According to Intermoney’s Spanish analysts, markets are looking for reasons to take apart the thesis about the country’s resilient activity, arguing that moderate growth is insufficient. Then there are the economic purists, including many Fed members, who are confident the US recovery is sustainable.
BEIJING | In his last speech the outgoing Prime Minister, Wen Jiabao, acknowledged the social challenges China is dangerously facing. The new leadership will have to deal with local governments and State Owned Enterprises ready to defend their current status quo and likely to be sceptical about any form of reform.
The euro zone index of consumer sentiment in May confirmed a relative improvement this month, drawing a less negative private consumption this quarter. This would indicate a rate of contraction in both the first and the second quarter of about -0.5% (-0.7% in the fourth quarter). Retail sales data, to be published today, are expected to slowdown its worsening. They would also point to a contraction rate of about -0.5%….