Housing Price Index (HPI) Spain (INE) Harmonized Labour Cost Index Spain (INE) Minimum interprofessional wage in Spain (Eurostat) OECD growth forecasts (OECD) Employment in Europe after retirement (Eurostat) Inflation in Germany (Destatis)
Challenges for Chinese economic growth IN THE LONG TERM, THE CHINESE ECONOMY FACES A RAPIDLY AGEING POPULATION, A SHRINKING LABOUR FORCE AND STAGNATING PRODUCTIVITY. IN ADDITION, IT MUST SEEK A NEW ENGINE OF GROWTH BEYOND INVESTMENT IN THE SHORT TERM, CHINA’S ECONOMY IS SEEN AS ONE OF THE MOST VULNERABLE TO GROWING UNCERTAINTY DURING TRUMP’S … Continued
New scenario following Donald Trump’s victory EXTENSION OF THE 2017 PERSONAL TAX CUTS AND HIGHER SPENDING. IN ADDITION, REDUCTION OF IMMIGRATION AND TARGETED TARIFFS ON CHINA, MEXICO, CANADA AND THE EUROPEAN UNION The economy continues to grow at a good pace on the back of solid investment and consumption The US will continue to outpace … Continued
Financing to private sector Spain Export/import prices of industrial products Spain International tourism Spain Unemployment EU-27 Manufacturing PMIs Eurozone and the US US trade and services balance
Global growth stable, but at low rates UPWARD REVISION OF GROWTH FORECASTS FOR THE US AND EMERGING ASIAN ECONOMIES OFFSET BY DOWNGRADES FOR OTHER ADVANCED ECONOMIES, MAINLY EUROPE, AND THOSE OF THE MIDDLE EAST, CENTRAL ASIA AND SUB-SAHARAN AFRICA Global growth will reach 3.2% y-o-y in 2024 and 2025, 5 tenths of a percentage point … Continued
Global innovation trends REGIONAL INNOVATION GAP PERSISTS, ALTHOUGH EMERGING ECONOMIES ARE CLOSING THE GAP Switzerland maintains its leadership in the global innovation ranking The world’s top 5 science and technology clusters are in East Asia: Tokyo-Yokohama (Japan), Shenzhen-Hong Kong-Guangzhou (China and Hong Kong), Beijing (China), Seoul (Republic of Korea) and Shanghai-Suzhou (China) IN 2023, A … Continued
Public debt Spain Economic forecasts Spain Manufacturing PMI Spain OECD 2025 forecasts Eurozone Harmonized CPI Germany inflation
Slowdown in job creation OECD LABOUR MARKETS HAVE PERFORMED WELL DESPITE ADVERSE SHOCKS IN 2023, BUT THERE ARE SIGNS OF SLOWER DYNAMISM Moderate GDP growth with divergences between economies Stronger employment recovery in the Eurozone than in the US compared to pre-Covid19 levels Spain has the highest unemployment rate in the OECD in a context … Continued
Private sector financing Spain Unemployment in Spain International tourism Spain Unemployment EU-27 PMIs Eurozona Inflation Germany
Growth will slow in the coming years THE BANK OF SPAIN EXPECTS GDP GROWTH TO CONVERGE TO THE ESTIMATED POTENTIAL GROWTH CAPACITY OF 1.6% IN 2026 Domestic demand will be the main driver of activity The gradual reduction in inflation continues, which will be 3% in 2024 and 2% in 2025 GDP forecasts – comparative … Continued
Labour market Spain Balance of payments Spain International tourist expenditure Spain CPI Eurozone Manufacturing PMIs Eurozone Producer prices in industry EU-27
Social Progress in the EU and its regions THE INDEX SCORES FACTORS RELATING TO BASIC NEEDS, WELLBEING AND OPPORTUNITIES. THE NORDIC COUNTRIES CONSISTENTLY PERFORM BETTER THAN THE EASTERN AND SOUTHERN STATES By country, the highest-ranked countries have higher education and trust and governance as strengths. At the regional level, those with the greatest social progress … Continued
Strength of the US economy AFTER ONE OF THE FASTEST POST-PANDEMIC RECOVERIES, THE ECONOMY IS EXPECTED TO SLOW DOWN SLIGHTLY IN 2024-25 Investment and private consumption responsible for GDP growth in 2024 There are downside risks due to an increase in geopolitical tensions Resilience of the labour market, despite a slight increase in unemployment Stagnant … Continued
Labour market Spain International tourist arrivals Spain Manufacturing and services PMIs Spain OECD 2025 forecasts Eurozone Investor Confidence Index EU industrial production prices
Economic reality and outlook The region accounts for 9.6% of the world’s population and for a quarter of its GDP In 2024, growth will moderate compared to prepandemic level and inflation will average 21.6%, distorted by Turkey (58.4%) Weak growth in the region in 2024 Growth in 2024 weighed down by the weakness of the … Continued
Creation of companies CPI Spain Spanish private debt primary market Industrial production EU-27 Retail sales and food services US Industrial production and retail trade China
Economic reality and outlook The region is home to almost 50 percent of the world’s population and accounts for one-third of the world’s GDP Growth slows in 2024, but remains 1.3 pp above the global average All economies show positive growth rates in 2024, with Macao, Cambodia standing out Asia Pacific, the most dynamic region … Continued
Labour market Spain International tourist arrivals Spain Private sector financing Spain Manufacturing PMIs US-Eurozone Global trade World labour productivity growth
Tourismin Spain LabourmarketSpain Manufacturingand servicesPMI Spain Prices of industrial products EU-27 Eurozone Investor Confidence Index Labour productivity OECD
Africa, 14% of the world’s population and only 2% of GDP by 2023 ECONOMIC GROWTH IS EXPECTED TO ACCELERATE SLIGHTLY. HOWEVER, TIGHTENING MONETARY AND FISCAL CONDITIONS, DEBT SUSTAINABILITY, CLIMATE CHANGE AND GEOPOLITICAL INSTABILITY ALL POSE UNCERTAINTIES Africa will grow by 2.8% in 2024*, 1.1 pp less than in the pre-pandemic decade 57.8% of the African … Continued
Summary Global economic situation Global economic activity has maintained some dynamism in recent quarters in a regionally asymmetric manner, despite the impact of tight monetary policies, the fragmentation of trading blocs, the withdrawal of fiscal support in a high debt environment, low productivity and geopolitical uncertainties. Against this background, the IMF forecasts moderate global GDP … Continued
Foreign trade of goods Spain Private sector doubtful loans Spain Business turnover Spain Public debt Eurozone China population
Global short- and long-term risks (Global Risks Report 2024) In the next two years, 30% of those surveyed foresee a turbulent and stormy global environment, rising to 63% by 2034 4 systemic elements of the global landscape over the next decade Climate change → Trajectories relating to global warming and its impact on Earth systems … Continued
Foreign trade of goods Spain Public debt Spain Quarterly labour cost survey Unfilled job vacancies in Europe CPI Eurozone Economic forecasts China
Global radiography of digital competitiveness THE MOST COMPETITIVE ECONOMIES IN THIS AREA ARE CHARACTERIZED BY THE STRENGTH OF DIGITAL TALENT, CULTURE AND INFRASTRUCTURE South-West Asia, Pacific and Africa close the gap with more digitally competitive regions Five European countries in the top 10 most digitally advanced, in part because of their regulation of data protection … Continued
Global attraction of venture capital investment COUNTRIES WITH AN ANGLO-SAXON LEGAL TRADITION, WITH STRONG INVESTOR PROTECTION AND CORPORATE GOVERNANCE, FAVOR DEEPER AND MORE LIQUID CAPITAL MARKETS In 2023, the US extends its leadership as the most attractive country, while the gap between the rest of the countries is narrowing Spain profile Spain’s weaknesses focused on … Continued
CPI Spain Industrial production Spain Competitiveness trend index Spain CPI US CPI Argentina Trade in rare earths elements EU
Health system resources in OECD countries ACHIEVING THE BEST HEALTH OUTCOMES DOES NOT DEPEND ONLY ON THE SHEER VOLUME OF RESOURCES AVAILABLE. EFFICIENT USE OF EXPENDITURE AND CONSIDERATION OF HEALTH RISK FACTORS AND BROADER SOCIAL DETERMINANTS OF HEALTH ARE NEEDED In 2022, lower pandemic spending needs and impact of inflation moderate total spending to 9.2% … Continued
Historical levels of migration flows THE INCREASE IN HUMANITARIAN (EXC. UKRAINIAN REFUGEES) AND LABOUR MIGRATION EXPLAINS THE INCREASE IN PERMANENT MIGRATION TO OECD COUNTRIES OF 26% OVER 2021 AND 14% OVER 2019 Record levels of permanent migration to OECD countries in 2022 Of the total in 2022, 21% of migration was for work-related reasons, 36.4% … Continued
Industry turnover Occupancy rate* in market services ICP Spain International trade in goods EU Industrial production Japan HICP Eurozone
The pace of global economic recovery slows down IN ADDITION TO THE LONG-TERM CONSEQUENCES OF THE PANDEMIC, THE RUSSIA-UKRAINE WAR AND GEO-ECONOMIC FRAGMENTATION, THERE ARE CYCLICAL CAUSES: TIGHTENING OF MONETARY POLICY, WITHDRAWAL OF FISCAL AID IN THE CONTEXT OF HIGH DEBT AND EXTREME WEATHER EVENTS SIGNS THAT THE POST-PANDEMIC REBOUND IS FADING … Decline in … Continued
Global snapshot of talent competitiveness THE IMD WORLD TALENT RANKING (WTR) ASSESSES THE STATUS AND DEVELOPMENT OF SKILLS NECESSARY FOR COMPANIES AND THE ECONOMY TO CREATE VALUE IN THE LONG TERM. ANALYZES A SET OF INDICATORS THAT MEASURE THE DEVELOPMENT, RETENTION AND ATTRACTION OF HIGHLY SKILLED NATIONAL AND INTERNATIONAL LABOUR The ranking is led by … Continued
