Spain has spent nearly three decades without managing to converge in productivity with the most advanced European economies. Despite the economic growth and job creation recorded in recent years, the Spanish productive model continues to face serious difficulties in generating a sustained increase in value added per hour worked. This was highlighted by experts from the General Council of Economists of Spain (CGE) and the Foundation for Applied Economics Studies…

Oriol Aspachs (Caixabank Research) | The objective has been identified and diagnosed for some time, but it is difficult to achieve. It requires patience, public and private resources, and determination and cooperation between the different institutions and agents involved, precisely because the challenge is enormous. The Spanish economy is growing dynamically, but it is difficult to sustain in the medium term. To a large extent, it is sustained to a…

Banca March: Economic growth, salaries and fiscal policy are some of the issues addressed by Spain’s Minister of Economy. As Carlos Cuerpo said, the ministry is comfortable with the GDP growth forecast of 2% for 2024, above the estimates of other international institutions – IMF (1.5%), Eurostat (1.7%), OECD (1.5%) -. On the other hand, he explained that, in order to tackle the challenge of increasing productivity, a National Productivity…

Between 2000 and 2022, Spain accumulated a reduction in productivity of 7.3%. The fall is even more surprising when compared with other countries such as the United States and Germany, where in the same period this indicator rose by 15.5% and 11.8%, respectively. The accumulated fall is evidence of “a deficient use of the resources used” and places Spain at a “disadvantage” compared to the productivity of other countries. “A…

Fernando González Urbaneja | Two economic and labour issues are occupying the public debate: how to sustain employment and how to increase wages. These are seemingly incompatible goals, but labour markets are so complex they cannot be locked into simple equations. Claiming that lowering wages will increase employment is as unfounded as claiming that raising wages will reduce employment. There are other, more complex factors involved in order to achieve…