A tax reform that boosts competitiveness (Infographic)

Reality of public accounts in Spain THE CORRECTION OF IMBALANCES MUST NOT NECESSARILY BE CARRIED OUT BY INCREASING REVENUES, BUT BY REDUCING PUBLIC SPENDING WITH CRITERIA OF EFFICIENCY AND EFFECTIVENESS Public spending systematically exceeds revenues without evaluation of its efficiency Budget imbalance resulting in persistent public deficits over the last decade and high levels of … Continued

Black Swans 2022 (Infographic)

FROM A REVOLUTIONARY AND DISRUPTIVE POINT OF VIEW, THESE ARE THE TEN UNLIKELY EVENTS, BUT WITH GREAT IMPACT ON THE FINANCIAL MARKETS Fossil fuel phase-out plan postponed Facebook stumbles as it seeks to stem the exodus of young people US mid-term election provokes a constitutional crisis US inflation reaches 15% driven by rising wages European … Continued

International Migration Outlook 2021 (Infographic)

IN 2020 MIGRATION FELL BY 30% AND REACHED ITS LOWEST LEVEL SINCE 2003 Migration inflows reached their highest level of the decade in 2016. Immigrants contribute more in taxes than governments spend on them. SPANIARDS MIGRATE MAINLY TO EUROPEAN COUNTRIES In 2019, Colombia, Morocco and Venezuela were the top three nationalities of newcomers The work … Continued

Global Innovation Index 2021 (Infographic)

IN 2020, DESPITE THE PANDEMIC, IMPROVEMENTS WERE OBSERVED IN SCIENTIFIC AND TECHNOLOGICAL PROGRESS INDICATORS In 2021, Switzerland, Sweden and the US lead the global ranking and that of their regions. China, the one with the highest increase in R&D spending in 2019 among the top 5 investing economies. 60% of companies investing in R&D reported … Continued

Current situation of the housing market in Spain (Infographic)

Evolution of house prices in Spain Despite the strong social and economic impact of the pandemic house prices have shown positive growth rates. During the hardest months of pandemic, the moderation initiated in mid-2018 in the pace of house price advances has accentuated. Why do prices behave in this way? Changing consumer preferences Temporary shortage … Continued

Economic Forecasts for Spain European Commission (Infographic)

The economy will be conditioned by the pandemic in 2021 and 2022 Conditioning factors for recovery: evolution of the pandemic and efficiency/efficacy of the vaccines; easing of restrictions on activity and economic agents’ reaction; duration of the support policies and the impact of the European funds; recovery of the tourism sector; spending and household saving … Continued

European Funds – an opportunity we must take advantage of

The European Union (EU) response to the economic and social impact of the pandemic has been rapid and robust. The European Recovery and Resilience Facility (Next Generation EU) is an important step in the European construction process, most notably in the design and implementation of common fiscal policy elements. The efficient allocation of the funds … Continued

C-Suite Challenge 2021: Risks and Opportunities Ahead (Infographic)

CEOs say they are laser-focused on these top internal strategies… Accelerate pace of digital transformation Improve Innovation Modify business model Lower costs Streamline processes … and internal obstacules in 2021 COVID-19 related disruptions lack of quality talent Resource constraints relative to business needs Lack of an innovation Regulation

Pedro Nieto analyzes Círculo’s proposals about healthcare

The president of the Health Working Group of the Círculo de Empresarios, Pedro Nieto, analyzes why digitalization is essential to promote the improvement of the health sector in Spain. Click on this link to watch the spanish version.   Pedro Nieto analyzes how innovation is a key element to improve the Spanish health system.   … Continued

General State Budget 2021: a structural deficit that jeopardizes recovery (Infographic)

The sees the economic scenario forecast by the government on the evolution of the pandemic and its impact on activity and revenue as optimistic. COVID-19 has obliged the government to increase spending significantly, with forecasts that the structural deficit will reach 5.4% of GDP in 2020. Assuming that part of the exceptional expenditure will remain … Continued

Círculo de Empresarios and Fundación Rafael del Pino celebrate the 1st Forum on the Global Economy

On November 4 and 5, Círculo de Empresarios and Fundación Rafael del Pino held the First Forum on the Global Economy, an initiative that, on an annual basis, is aimed at discussing the situation and prospects of the world economy. The Forum was opened by John de Zulueta and María del Pino, presidents of the two … Continued

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