recovery

Relevant News Item 15th March 2023

China reopening already noticeable: industrial production and retail sales up 2.4% and 3.5% in February

Bankinter : Several positive data in China. While Retail Sales (Jan+Feb) improve to +3.5% year-on-year, as expected vs -1.8% previously, Industrial Production (Jan+Feb) improves to +2.4% year-on-year vs +2.6% esp. and +1.3% previously. Also, the Unemployment Rate (Feb) rebounds to 5.6% vs 5.3% esp. and 5.5% previously. Finally, the PBoC injected the largest amount of liquidity since December 2020 via a medium-term credit line. Specifically, it amounted to CNY 281…

Spanish economy 24th November 2022

The IMF believes that Spain will recover the pre-Covid level in 2024, after a “weak” growth in the coming quarters

The technicians of the International Monetary Fund (IMF) on Wednesday completed their annual review of the Spanish economy, known as ‘Article IV’, and concluded that the country’s gross domestic product (GDP) growth will be “relatively weak” in the coming quarters. “Growth is expected to be relatively weak in the coming quarters due to weak external demand and deteriorating consumer confidence,” the IMF stressed in its conclusions on the country’s economic…

Spanish economy 19th May 2022

Bank Of Spain Issues a Warning: An Incomplete Recovery With Uncertainties

Fernando González Urbaneja | The Bank of Spain’s Annual Report, usually issued in May/June, is the canonical report for economic experts, the one used as a reference for all those who want to have an informed opinion. This does not mean that it is infallible, but it does mean that it is reliable and trustworthy. Some of the all-knowledgeable people who take up space on television this morning said that…

Spanish economy 19th April 2022

Spain Has Executed Less Than A Third Of The European Recovery Funds, Some 6.5 Bn Euros, According To FEDEA.

FEDEA (Fundación de Estudios de Economía Aplicada) analyses existing information on the implementation and execution of investment projects and aid programmes included in the Recovery Plan (RP) and financed by the EU’s Recovery and Resilience Mechanism (RRM). So far, programmes and projects representing about one third of the planned expenditure have been launched, but with significant differences between headings. Of the 24 billion of RRM funds budgeted for 2021, 20…

European economy 17th February 2022

Eurozone Recovers Pre-Pandemic Employment Figures

The number of registered workers in the Eurozone exceeded in the fourth quarter of 2021 the figure recorded in the same period of 2019, thus recovering for the first time the level of employment prior to the Covid-19 pandemic, according to data published by Eurostat. According to the EU office, the number of employed people increased in the fourth quarter by 0.5% in the Eurozone and in the European Union…

Spanish economy 17th January 2022

Recovery And Truth

Enrique Badía y Liberal | While we remain attentive to the incidence rate and the numbers of hospitalised and dead, answers to crucial questions in any crisis are scarce or in doubt: what is happening, how long will it last? It is easy to answer that we are contending with a pandemic. However, it is not clear that we know enough about the how and why of each response chosen…

European economy 28th December 2021

We Need Recovery And Growth

Luis Alcaide | In the Romanised Spain of the first two centuries, the so-called Silver Age, an Aragonese, Quintilian, whom his countryman Martial would call “summus mo¬de¬rator juven¬tae”, called for “men of talent, capable of living in a cordial world and participating in public affairs”. Centuries later, in a Spain that was already moving towards modernity, the poet of the upper classes, Campoamor, described those men of talent as “a…

World economy 24th December 2021

Europe Fails To Recover At The Same Pace As The US Market

Julian Marx (Flossbach Von Storch) | Almost two years have passed since the outbreak of the pandemic and economic output in the Eurozone is still below pre-crisis levels, unlike in the US.The ECB envisages a more cautious monetary policy than the dollar bloc (Australia, Canada and the US): real economic output in the US in calendar year 2021 should already be a good two percent above that of 2019. In the eurozone, on the other hand, the statistics for 2021 will probably remain in some cases significantly below the pre-crisis level.

Spanish economy 10th December 2021

Brussels Backs Spanish Plan For Investment In Electric And Connected Cars With 3 Billion Euros

Last week, the European Commission gave the go-ahead for the first 10 billion euros of the recovery fund to reach Spain, pending approval from the other Member States. Today, Brussels has given the green light to the first of the six “Strategic Projects for Economic Recovery and Transformation” (PERTE) which Spain has presented, dedicated to the development of electric and connected vehicles. “This €3 billion Spanish plan will help to…

Spanish economy 6th December 2021

Spain | Outlook For Economic Recovery In 2022

Rafael Domenech (BBVA Research) | Though 2022 should be a better year for GDP growth in the Spanish economy than 2021, the current outlook is also far more uncertain than it was a year ago, due to the appearance of new risks and an increase in existing ones — making forecasts even more volatile. Key points There has been a clear acceleration in recovery over the current year: from a…

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