Youth training in Spain must adapt to the needs of the labor market in a more global, interconnected and ever-changing world in which talent is key. The school dropout rate, inefficient career guidance and the mismatch between the education system and business fabric are the main causes of the high level of youth unemployment in … Continued
Spain occupies the 27th position in the financial system pillar of the Global Competitiveness Index 2018-19 prepared by the World Economic Forum.
Spain occupies the 10th position in the infrastructure pillar of the Global Competitiveness Index 2018-19 prepared by the World Economic Forum.
Spain is ranked 26th in the Global Competitiveness Report 2018-19 prepared by the World Economic Forum. Out of the 12 pillars that it analyses, Spain performs outstandingly in three: Infrastructure, Health, and Market size. A strong positive correlation between competitiveness and GDP per capita can be observed. As such, our country must continue with the necessary impulse … Continued
Spain in the main international competitiveness rankings. In 2018, Spain ranked 26th in the Global Competitiveness Report (WEF), 36th in the World Competitiveness Yearbook (IMD), and 30th in the Doing Business (World Bank), behind what would correspond to in terms of nominal GDP (14th world economy). We include the position of Spain in other international … Continued
Growth forecasts In the current context of deceleration of the global economy, the main international organisations have lowered their growth forecasts for Spain. The European Commission and the OECD agree that the Spanish economy will grow 2.6% in 2018 and 2.2% in 2019, below the IMF estimate (2.7% and 2.2%, respectively). For its part, the … Continued
GDP growth In Q3 2018, the year-on-year growth of Spain’s GDP remained stable at 2.5% (0.6% compared with Q2 2018), with a 3pp contribution to growth by domestic demand, and for the fifth consecutive quarter, a negative contribution by the external sector (-0.5pp). The Spanish economy grows with a difference of eight-tenths (0.8) above the … Continued
In this infographic we present the situation of the pension system in Spain.
Guntram Wolff, Director of the think tank Bruegel and member of our Advisory Board, discusses the challenges of aging demographics in Europe, the role of France, Germany and Spain after Brexit and the real significance of this political break up.
Business perception In Q4 2018, the Harmonised Business Confidence Index (HBCI) of Spain decreased by 1.1% year-on-year to stand at 133.9 points, recording its biggest drop since 2013. The percentage of businessmen that are more pessimistic increases to 16.1%, while the optimists fall for the second consecutive quarter and are down to 19%. Business activity … Continued
We talk with Miriam Gónzalez Durantez, Co-Chair of Dechert LLP and member of our Advisiory Board, about the current challenges that the European Union is facing and the role of the institution itself. She also analyzes what part Spain would play in a geo-political scenario caused by Brexit if it was to finally take place.
The Círculo de Empresarios (Business Round Table) has revamped its Advisory Board by incorporating international members. This renovation fits within the internationalization strategy designed by John de Zulueta, Chairman of the Círculo since March of this year. On assuming his role, he expressed his wish to raise the international outlook of this independent business association … Continued
The evolution of lending in Spain From January to July, the volume of new loans to companies reached €221 billion, an increase of 8.8% year-on-year. Concurrently, new consumer credit (€20.1 billion) and housing-loans (€26.8 billion) saw gains of 21.8% and 15.8% year-on-year, respectively. Private capital investment In Spain, in the first half of 2018, investment in … Continued
Signs of slowdown set in for the Spanish economy • GDP In Q2 2018, the Spanish economy expanded by 0.6% quarter-on-quarter, one-tenth less than in Q1, and 2.7% year-on-year, after narrowly exceeding 3% in the last three years. This evolution is explained by the deceleration in private consumption (+0.2% vs 0.6% average in 2017) and by … Continued
In its fifth edition, the Barometer of the Círculos, restates its commitment to Spanish society, by seeking out solutions that are aimed at rectifying the socio-economic imbalances that persist in our country. In order to achieve a more global and structured vision, the three institutions promoting the Barometer of the Círculos, Círculo de Empresarios, the … Continued
Perspectives on Global and Spanish Economy Q3-2018 Circulo de Empresarios from Círculo de Empresarios
Business financing In 2017, bank financing for non-financial companies listed on the IBEX 35 reached €69.1 billion (5.9% of GDP), accounting for 32.9% of total financial liabilities (39.1% less than in 2010). At the same time, a structural change in its financing model was confirmed by increasing corporate debt issues by 27.8% since 2010 (55.3% of … Continued
Economic growth According to BBVA Research forecasts, Spain’s annual growth will be 2.9% in 2018 (0.4 pp more than the previous estimate). This development is mainly based on a 2.6% annual increase in private consumption, explained in part by the good performance of employment and the increase in real disposable income (2% per year). In contrast, … Continued
Alongside growth and corporate responsibility, institutional quality represents one of the three centerpieces guiding the considerations of the Círculo de Empresarios. It has been a fundamental issue of our concern since the beginning of our association more than forty years ago. It can be shown empirically that the progress and well-being of society are intricately bound up with the quality … Continued
Spain achieved a world ranking of 49th position in the business dynamism pillar of the Global Competitiveness Index 2017-18 report published by the World Economic Forum. Should you wish to access the Spanish version of the infographic, kindly click here.
Preliminary Quarterly GDP In Q1 2018, the Spanish economy grew by 0.7% quarter-on-quarter, maintaining the rate of advance of the last two quarters. This evolution continues to be supported by the dynamism of domestic demand, by the improvement of financial conditions and the labour market, and also by the positive contribution of the external sector … Continued