The Barometer of the Círculos, now in its fourth edition, maintains its commitment to Spanish society to help resolve the imbalances that persist in the wake of the recent economic crisis. This objective is shared by the Círculo of Entrepreneurs, the Círculo of Economy and the Círculo of Basque Entrepreneurs, and has been since the ‘Economy and Society’ initiative was introduced in 2013.

Once again, the three institutions promoting this Barometer of the Círculos initiative have been supported by the Valencian Association of Entrepreneurs, the Galician Círculo of Entrepreneurs and the Institución Futuro think tank of Navarra.

The 2017 Barometer provides an analysis of the structure of the Spanish economy, setting out the competitive strengths and weaknesses of the prevailing economic and business climate. Missing, however, is the yearly survey of the Spanish business network, the reason for this being the existing political impasse and the absence of reform.

In addition to the analysis is a report on how our country is faring in the main international indicators of competitivity and specific sector indices. And, for the first time, we include an analysis of the Social Progress Index and the Inclusive Growth and Development Report; these reveal the extent of social cohesion and the standard of welfare in our country compared to the situation in the major economies.

The conclusions reached by the Barometer of the Círculos form the basis of a series of recommendations about those areas of the economy and business that require the intervention of Public Adminstrations in addition to action that must be taken by the companies themselves. Several examples of good practice are cited, both in other countries and within the Spanish business framework; specifically, youth employment, dual professional training, entrepreneurship and a commitment to achieving growth.

The recommendations set out in 2017 Barometer reinforce the need to embark on a new period of reform. These reforms must have two objectives: to resolve the substantial problems afflicting Europe, such as high levels of unemployment and debt, and to promote competitivity and foster a more international outlook in the new global reality. For this to happen, it is essential to achieve growth that is more sustainable and inclusive, and which will guarantee the continuation of the welfare state.

All members of the Círculos hope that, as in previous years, the 2017 Barometer will stimulate the necessary debate between the Government, social agents and civil society about how we can combine forces to develop a project that will give our country structure and cohesion.

Juan José Brugera, President of the Círculo de Economía

Javier Vega de Seoane, President of the Círculo de Empresarios

Jorge Sendagorta Gomendio, President of the Círculo de Empresarios Vascos


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