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.
Spain occupies the 28th position in the institutions pillar of the Global Competitiveness Index 2018-19 prepared by the World Economic Forum.
Martina Larkin, member of the Executive Committee of the World Economic Forum and member of the Advisory Board of Círculo de Empresarios, analyzes the outlook for the world economy in 2019, the possible risks derived from the slowdown and the main conclusions reached at the last summit in Davos.
Ignacio de la Torre, chief of Economy and partner of Arcano Partners and member of the Advisory Board of Círculo de Empresarios, analyzes the political scenario before the impending European elections on May 26 and the possible impact on Spain derived from the trade war between China and the United States.
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 27th position in the financial system pillar of the Global Competitiveness Index 2018-19 prepared by the World Economic Forum.
Public accounts In January, the debt of public administrations reached €1.17 trillion, reporting a year-on-year increase of 2.6%, above the growth of the Spanish economy (2.4% in Q4 2018). Currently, the debt-to-GDP ratio is 97.4%, 2pp over the target set for 2019 (95.4% of GDP). Whereas, BBVA Research forecasts a public deficit of 2.7%* of … Continued
Spain occupies the 68th position in the labour market pillar of the Global Competitiveness Index 2018-19 prepared by the World Economic Forum.
Spain occupies the 68th position in the labour market pillar of the Global Competitiveness Index 2018-19 prepared by the World Economic Forum.
The Barometer of the Círculos seeks to provide society with clear and precise information about the strengths of the Spanish economy and how its imbalances and structural deficiencies can be resolved. In this infographic we show the position of Spain in a strategic issue such as innovation.
The Barometer of the Círculos seeks to provide society with clear and precise information about the strengths of the Spanish economy and how its imbalances and structural deficiencies can be resolved. In this infographic we show the position of Spain in a strategic issue such as innovation.
Debt of Public Administrations In 2018, the total closing balance at year end of the debt of the public administrations as a whole was €1.17 trillion, recording an increase of 2.3% YoY (€26.5bn). Thus, public debt reached 97% of GDP, one-tenth more than the objective established in the General State Budget PGE 2018. By levels … Continued
Spain occupies the 10th position in the infrastructure 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
Overview of the economic situation Q1-2019 Despite being in a favourable economic cycle (global growth still above 3%), GDP estimates are being revised downwards (IMF, OECD, European Commission, etc.). The striking main causes: economic cycle phase change, trade slowdown, Trump’s protectionism, monetary policy normalisation, political tensions stemming from populism (Brexit, Italy, etc.) and worse economic … 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
Quarterly GDP (INE and AIReF) In Q3 2018, Spain’s GDP grew by 2.4% yearon- year (-0.1pp than in Q2 2018), with a contribution of 2.8 points by domestic demand and, for the fifth consecutive quarter, a negative contribution by the external sector, of 0.4 points. In Q4 2018, AIReF maintains its quarterly growth forecast at … Continued
In this infographic we present the grey swans and trends for 2019. Hoping that it is to your liking, we encourage you to share this content on your social networks.
In this infographic we present the grey swans and trends for 2019. Hoping that it is to your liking, we encourage you to share this content on your social networks.
In this infographic we present the economic situation in Asia.
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
