Overview of the economic situation Q4 2019 The main international organisations ( IMF, OECD, World Bank, and European Commission) warn of a global economy in a synchronised slowdown against the backdrop of mounting uncertainty and new geopolitical risks Thus, the second half of 2019 has been marked by the outbreak of social protests and institutional … Continued
Incidents that describe highly improbable but high economic impact events.
Bank of Spain forecasts 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. GDP growth rests on the back of positive evolution of domestic demand owing to the healthy wealth … Continued
Population ageing is a global phenomenon that predominantly affects the most advanced countries due to the declining fertility rates and rising life expectancy. Spain is one of the longest-lived and most ageing countries in the world. It also has one of the lowest fertility rates (1.25) of the OECD countries, with a negative natural change … Continued
From the uncertainty and the global economic slowdown, to the trade tensions and the evolution of the raw materials prices, all of which undermine the growth of Latin America, with forecasts in 2019 pointing towards an economic stagnation (0.2% annual GDP growth). The growth forecasts for the main economies of the region have been revised … Continued
Currently, the economic growth and progress of countries is not only supported by structural factors such as the demographic pattern or productivity improvement, but also in new disruptive forces such as digitization, climate change, or populism. From the Top 5 countries that are ranked in the Bloomberg Drivers & Disrupters Report, Sweden, Denmark, and Australia … Continued
GDP, Spain The European Commission has reduced the previous growth forecasts of the Spanish economy from 2.3% to 1.9% in 2019 and from 1.9% to 1.5% in 2020. The downwardly revised new forecasts are mainly explained by the revision of the historical series of the Spanish National Statistics Institute (INE) and the moderation of the … Continued
Economic slowdown In August, Spain recorded the third largest economic slowdown among OECD ountries, after Ireland and Slovenia. Specifically, the Composite Leading Indicator (CLI) decreased by 0.22 points to 98.58 and has been below 100 points1 for 12 months now. In turn, the rate at which the Spanish economy is slowing down has doubled that of … Continued
Growth forecasts The Bank of Spain has revised down its growth forecast for the Spanish economy to 2% in 2019 and 1.7% in 2020, which is slightly lower than that provided by the Government and the Funcas consensus (2.2 % in 2019 and 1.9% in 2020). The main causes that explain this downward forecast are the … Continued
Companies are evolving all the time: they grow; split off into smaller parts; acquire and divest; innovate products, processes, and services; adopt new technologies; and engage differently with their customers and employees. And so it has been for centuries. But today, companies are grappling with fundamental paradigm shifts. Disruptive forces are rendering company and industry-wide … Continued
Pension expense, Spain In August, the payroll of Social Security contributory pensions in Spain increased by 5.03% per year, reaching 9.68 billion euros per month. Between January and August, it increased at a rate of 6.8% year-on-year, compared with 3.8% in 2018 and 3% in 2017, and 4.5pp above the forecasted growth for the Spanish … Continued
National accounts, Spain In Q1 2019, GDP increased by 2.4% year-onyear (0.1pp more than the previous quarter). This evolution is mainly on the back of domestic demand contribution (2.2pp), despite it reporting a lower dynamism compared to Q4 2018 (2.5pp): • Business investment rose by 4.7%, which is 0.3pp more than in Q4 2018. • … Continued
Growth forecasts, Spain For 2019, the Bank of Spain has raised its growth forecasts to 2.4%, up by 0.2pp than in March, given the favourable business investments and the positive contribution of the external demand, mainly due to the lower propensity to import. In addition, the Spanish economy grows on the back of a favourable … Continued
Overview of Pespectives on Global and Spanish economy Q2-2019 The main international organisations (IMF, OECD, European Commission, etc.) continue to downgrade their growth expectations in light of the new geopolitical and economic scenario. Q1 2019 has been marked by the darkening economic outlook, the waning confidence of the private sector, and the mounting global uncertainty, … Continued
The Círculo de Empresarios has made a public Institutional Statement on the next European Elections and has highlighted the importance of the same. The Statement, entitled “European elections: A ballot that really matters“, has been developed by the Economy and European Union Committee, chaired by Juan María Nin, member of the Board of Directors.
Growth Q1 2019 Spain In Q1 2019, GDP grew by 0.7% quarter-onquarter, its biggest progress since the end of 2017, standing at 2.4% year-on-year, 1.2 pp above the Eurozone average. The contribution of domestic demand to year-on-year growth reduced by 0.3 pp to stand at 2.2 pp, the lowest since Q4 2016. By components: • … Continued
Interview with John de Zulueta, chairman of Círculo de Empresarios, at ‘Consejeros’ magazine. April 2019
Spain occupies the 36th position in the business dynamism pillar of the Global Competitiveness Index 2018-19 prepared by the World Economic Forum.
Spain occupies the 36th position in the business dynamism pillar of the Global Competitiveness Index 2018-19 prepared by the World Economic Forum.
Spain occupies the 36th position in the business dynamism pillar of the Global Competitiveness Index 2018-19 prepared by the World Economic Forum.
Industrial production Spain The Industrial Production Index, after rising by 2.7% in January year-on-year, declined by 0.3% in February, due to the contraction of the production of the energy sector (-6.15%), of the durable consumer goods (-2.4%) and intermediate goods (-0.5%). By Autonomous Community, the industrial production increased in Castilla-La Mancha (5.1%), Aragon (3.4%) and Canary … Continued
Spain occupies the 28th position in the institutions pillar of the Global Competitiveness Index 2018-19 prepared by the World Economic Forum.
