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Faced with the economic impact of the coronavirus, central banks have responded with significant interest rate reductions and liquidity provisions, limiting their options for future adjustments. Since the 2008 financial crisis, central banks have already significantly lowered their interest rates and increased their balance sheets through bulk asset purchasing programs (QE). Future measures by central … Continued
Germany accounts for 29% of Eurozone GDP and 25% of its population. In the previous decade, its unemployment rate has remained below the average for the Eurozone, reaching its current level of 3.2%. German GDP growth has fluctuated within a range of just 1 pp between 1981 and 2020, in spite of the slowdown that … Continued
On 31st December 2019, China alerted about the onset of the coronavirus (COVID-2019) in Wuhan. The number of infected people has increased significantly, mainly in China. As a result of this outbreak, the IMF lowered its global economic growth forecast in 2020 between 0.1pp and 0.2pp. China will be the hardest hit economy. In China, … Continued
Brexit materialised on January 31, 2020, entering a transition period to negotiate the future relationship until December 31. Before leaving the EU, the United Kingdom was the 2nd largest economy in the EU, representing 15.2% of European GDP and 12.9% of its population. Moreover, its GDP per capita exceeds the EU average by 11%, and … Continued
The Círculo de Empresarios has appointed Mercedes Pizarro as the new Chief Economist of this business association. She replaces Alicia Coronil, who had held the position since 2013. Mercedes Pizarro Santos (Barcelona, 1972) has a degree in Economics and Business Administration from the University of Barcelona and Abat Oliba CEU. Between 2004 and 2012 she held the … Continued
Even though present society is going through an extraordinary process of transformation and economic growth, it is of the utmost importance to tackle climate change to ensure that such growth is sustainable. In the last 100 years, worldwide CO emissions have increased tenfold, with China and the US emitting the most, According to the Global … Continued
Incidents that describe highly improbable but high economic impact events.
In order to extricate Spain from the political deadlock in which it finds itself, the Círculo de Empresarios, a civil society organization aimed at furthering the common good, is calling upon the acting President of the Government, as well as the leaders of the PP and Ciudadanos, to begin discussions aimed at reaching a pact … 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
When in 1889 the German Chancellor Otto Von Bismarck created the first public pension system, he set the age of retirement at 70. Almost two decades following his death and shortly before the outbreak of the First World War, Germany reduced this to 65. When the most developed countries approached the matter of the various … Continued
The Círculo de Empresarios has launched Ten pressing issues for the Spanish Health system in 2019 today, a book that collects a series of improvement proposals in different aspects about a key pillar for our Welfare State. The presentation of this publication has been carried out by the Chairman of the Círculo de Empresarios, John … 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.
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 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 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.
Spain occupies the 37th position in the skills 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.
