Spain

bank spain

Economy At A Glance: The Bank Of Spain Forecasts

Círculo de Empresarios | The Bank of Spain forecasts that the Spanish economy will embark on a gradual path of deceleration until 2022, and therefore maintains its 2% and 1.7% annual growth forecasts for 2019 and 2020, respectively.



Spain's left’s inability to unite against the right

Spain: Political instability at home continues, undermining influence abroad

Shaun Riordan | Pedro Sánchez has failed to secure election as Spain´s Prime Minister in the second investiture vote in the Spanish parliament today. He needed only a simple majority. But the break down in negotiations with Podemos, and their decision to abstain, left Sanchez´ socialist party (PSOE) in a minority. The problems between the two parties seem to have centred not on policy but on the distribution of ministerial portfolios in a coalition government. Sanchez conceded that Podemos could hold ministerial positions, but the far left party complained that the portfolios he offered lacked real substance.



Spanish households savings

Spanish Household Debt Continues To Fall: 61% Of GDP (Down 3%)

J. L.M.Campuzano | Spanish household debt continued to reduce in 2017, reaching 61% of GDP (down 3%), according to the Bank of Spain. It has fallen 24% since its máximum level reached in 2010. Company debt at the end of the year amounted to 78% of GDP, with a fall of 5% over 2016. Company debt has fallen 39% since its maximums.





merkel solitude

Germany’s Drag on Europe

I can tell you that the most eminent economists in Spain have continued to be wrong-footed since before the crisis. They are still clamouring for debt reduction, for a return to austerity, when what is slowly killing Europe is precisely that, the austerity spreading from Germany.